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China's M&A transaction volume in the region grew from .264 billion in 2014 to .755 billion in 2016, overtaking the United States and Japan to be the top acquiree in 2016, according to a report released by Thomson Reuters, the Chinese Academy of Social Sciences and a research institution under Tsinghua University.
China's bike-sharing market is expected to rake in 10.3 billion yuan this year, a 736 percent increase on 2016, according to iiMedia Research. The market intelligence company forecast that the number of shared-bike users would soar to 209 million, up from 28 million last year.
China will cut the value-added tax rates April 1 and lower the social insurance fees from May 1, said Premier Li Keqiang on Friday.
China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan (.58 billion) this year, according to a decision made at a State Council executive meeting on March 28.
China's capital market will welcome overseas investors in a more open manner, Zhang said.