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China has pledged to reduce the tax burdens and social insurance contributions of enterprises by nearly 2 trillion yuan (9.9 billion) this year, following colossal tax and fee cuts in 2018.
China is considering introducing a "countercyclical factor" to adjust the way it calculates the yuan's daily reference rate against the dollar, according to a statement by the country's foreign exchange trading system on Friday. Analysts said the move will help prevent excessive fluctuation of the currency.
China has vowed to beef up the construction of a cybersecurity system－where government, enterprises and industry associations will strengthen their cooperation and laws and regulations related to cybersecurity will be improved－the top industry regulator said on Tuesday.
China is confident in its ability to minimize the impact on its economy by the novel coronavirus epidemic, said a senior government official.
China is Africa's largest trade partner. An Ernst & Young report also showed that in 2016, China was Africa's single largest contributor of foreign direct investment capital and jobs. It has not been unusual for top US officials to criticize China on their foreign trips to distract attention. Before embarking on his trip to Latin America a month ago, Tillerson accused China of being a new imperial power in the region. But Peru's Trade Minister Eduardo Ferreros pushed back, saying China was "a good trade partner".
来源：资阳报