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China's consumer price inflation remained mild in July while producer prices rose moderately, providing a boost to the industrial sector. Analysts said the country may keep its monetary policy stable given the expected stable price trends this year.
China's goal to reduce about 2 trillion yuan in tax and fee income in 2019 has been labeled by observers as the central government's most aggressive reduction plan ever. It also is a primary reason that the government has reduced projections for income growth. Taxes usually account for more than 80 percent of government revenue.
China's eight internet giants - Alibaba, Tencent, Baidu, Xiaomi, JD, ByteDance, Meituan, and Didi - invested more than 350 billion yuan in 419 firms by Dec 26, news portal ThePaper reported on Monday.
China's national anthem, March of the Volunteers, was composed in 1935, with lyrics by poet Tian Han and music composed by Nie Er. The song encouraged Chinese soldiers and residents during the War of Resistance Against Japanese Aggression (1931-45). It was named as the national anthem in 1949.
China's economic growth results are expected to remain stable not only in 2017 economic reports yet to be released but also in 2018, despite a slight decline in a major index measuring the expansion of the manufacturing sector in December, analysts said.
