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China's commissioner for the State Administration of Taxation told a global conference at the United Nations on Wednesday that China is willing to collaborate on developing an international tax protocol and cooperate on tax administration.
China's first personal bankruptcy rule will come into effect in Shenzhen, Guangdong province, from March 1 next year and will provide a way out for "honest and unfortunate" individuals saddled with debt they cannot pay off, an official statement said on Thursday.
China's leading electric car maker BYD Co Ltd announced on Wednesday it will allow international app developers to access data and controls for its vehicles, encouraging them to produce third-party apps for its newly launched online driving ecosystem.
China's newly revised individual income taxation law came into force this year. Zhang Yiqun, an expert in finance and taxation, said the move has significantly scaled back tax burden for individuals, increased household's earnings, and played a great part in stabilizing economy, stimulating consumption and perking up confidence, according to Securities Daily.
China's inexpensive goods have helped keep US inflation at relatively low levels and improved the well-being of its consumers. This has happened despite the fuss about the "huge trade deficit" with China, and concerns that the US stands to lose 0 billion every year, an argument used often to criticize China, Lin said.
来源：资阳报