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China should further to streamline VAT brackets to encourage fair market competition, which in a sense reduces taxes for many enterprises, Liu said.
China on Friday released a revised guideline for commercial banks on the issuance of preferred shares to replenish Tier 1 capital, banks' core capital that includes equity capital and disclosed reserves.
China plans to cut ineffective steel capacity by 30 million tons this year.
China values the positive signs Abe has been showing since last year on improving ties, Wang said, adding that they should treasure the hard-won momentum.
China unswervingly pursues the path of peaceful development and commits itself to developing friendly and cooperative relations with all other countries on the basis of the Five Principles of Peaceful Coexistence and forging a community with a shared future for mankind. China is always the builder of world peace, contributor to world development and defender of the international order. China's economic and diplomatic activities around the globe are widely welcomed by other countries and we have friends all over the world. China will by no means seek its own development at the expense of other countries' interests. Meanwhile, we firmly safeguard our sovereignty, security and development interests. It is very ridiculous for the US side to stigmatize its normal exchanges and cooperation with China as China interfering in its internal affairs and elections. China always follows the principle of non-interference in others' internal affairs and we have no interest in meddling in US internal affairs and elections. The international community has already known fully well who wantonly infringes upon others' sovereignty, interferes in others' internal affairs and undermines others' interests. Any malicious slander on China is futile.
来源：资阳报