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China should use emerging information technology, including cloud computing and the internet of things, to shore up the digital economy, Chinese Premier Li Keqiang said at a seminar Monday, citing rapid growth in information consumption, mobile payments and e-commerce.
China may help the US companies weather the impact of the COVID-19 pandemic, said the US business news cable network CNBC in its report "US companies with China operations look to the Asian giant for growth" on Nov 16.
China levies its withholding tax at a rate of 10 percent on foreign firms' earnings. However, that withholding tax can be exempted if that profit is put into qualified direct equity investments, including stocks.
China now consumes 37 percent of the global production of seafood and aquatic products, which is seven times higher than the total consumption of the whole of North America, according to a report published in January by Rabobank. It is estimated that over the next decade, China will be responsible for more than half of the global seafood consumption growth.
China suspended the program in 2015 as the country faced mounting pressure from capital outflows. But the renewed foreign interest indicates that the authorities may lift the suspension in the near future.
来源：资阳报