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China will implement a group of measures to cut value-added tax rates, ensuring that the tax burden on all industries will only go down, according to a decision made by the State Council's executive meeting presided over by Premier Li Keqiang on Wednesday.
China will pursue a more proactive and impactful fiscal policy, setting its fiscal deficit above 3.6 percent of GDP and issuing 1 trillion yuan of government bonds for COVID-19 control this year to release more funds for companies and individuals.
China will speed up the drafting of plans for building the new area, said He Lifeng, head of the National Development and Reform Commission (NDRC), highlighting "international standards," "Chinese characteristics," "reform" and "innovation" as key words in making the plan.
China will strengthen strategic communication and deepen cooperation with Myanmar, while making joint efforts to safeguard regional peace and stability, and promote bilateral ties, he added.
China will strengthen services and help solve operational difficulties for global companies in order to stabilize the long-term business confidence of foreign investors amid the economic fallout of the COVID-19 pandemic, government officials said on Thursday.
来源：资阳报