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China will gradually cut the current 25 percent tariff on imported cars, the foreign ministry said in a news release on Thursday. It also said the government will initiate a pilot program before June 2018 that will relax foreign firms' ownership restrictions for new energy and special use vehicle businesses established in free trade zones.
China will implement supporting measures to the newly revised law on personal income tax, and maintain the current tax policy as unchanged before the completion of social security collection organization reform, a State Council executive meeting presided over by Premier Li Keqiang decided on Sept 6.
China will take a solid step toward becoming a high-income country this year, creating more space to deepen reform and expand opening-up, economists said on Friday.
China will respect its people's wish and willingness, and will continue to do its best to promote reconciliation and reconstruction, Wang noted.
China's GDP is expected to near 100 trillion yuan (.37 trillion) in 2019, with per capita GDP of more than ,000, Ning Jizhe, deputy head of the National Development and Reform Commission, said at the annual meeting of China's macro economy in Beijing on Saturday.
来源：资阳报