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China has defined extreme poverty as earning less than 2,300 yuan a year, which was set a decade ago and has been adjusted annually against purchasing power parity. The amount is about 4,000 yuan this year.

China has 98 SOEs centrally administered by the State-owned Assets Supervision and Administration Commission, whose aggregate profits exceeded 1.4 trillion yuan (4.6 billion) for the first time last year, up 15.2 percent from a year earlier.

China has intensified measures to support the development of Tibetan medicine. An innovation platform of Tibetan medicine jointly built by Beijing, Tibet, Gansu and Qinghai was recently launched. In Qinghai, a program supporting the development of Tibetan medicine was launched in December.

China has made overseas outsourcing research and development expenditure available to additional tax deduction, as part of its continuous efforts to ease tax burdens on enterprises and promote technology upgrades, said the State Administration of Taxation on Thursday.

China has completed mergers between 30 central SOEs since late 2012.