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China collected taxes worth 12.6 trillion yuan ( trillion) last year, up 8.7 percent year-on-year, compared with 4.8 percent growth in 2016, according to the country's top taxation authority.

China expects the maritime industry to be worth 10 trillion yuan by 2020 and account for around 15 percent of GDP by 2035.

China has been the world's largest importer and recycler of waste plastic, paper and scrap metal. At the beginning of the year, China placed import restrictions on more than 20 types of solid waste from other nations. As China limits the amount of material that can be imported, Chinese companies are looking to the US to ensure ample supplies and to establish recycling operations. 

China cut more than 2 trillion yuan (6.89 billion) in tax and fee cuts over 2019, accounting for 2 percent of the GDP of the year and pulled the 2019 GDP growth rate up by about 0.8 percent, according to People's Daily on Monday.

China had nearly 400,000 such organizations as of the end of 2018.