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China now accounts for around 70 percent of the US trade deficit. However, the imbalance has not come as a result of unfair policies, but as a natural product of globalization and free trade. Moreover, the US trade deficit is largely exaggerated, and homemade.
China plans to cut 30 million tonnes of ineffective steel capacity and 150 million tonnes of coal capacity in 2018, according to a government work report released earlier this year.
China raised the deduction baseline for personal income tax from 3,500 yuan to 5,000 yuan per month on Oct 1, and six categories of special deduction items, including children's education, continuing education, healthcare treatment for serious diseases, mortgage interest and rent, and senior care, took effect on Jan 1 this year, according to the Personal Income Tax Law amended on Aug 31.
China urged certain parties in the US to take action more conducive to cooperation between the two countries in fighting the pandemic.
China will accelerate the opening of its commodity futures market to foreign investors, which will help boost the country's pricing influence in the international commodity markets, a senior securities regulator said on Monday.
来源：资阳报