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China plans to cut ineffective steel capacity by 30 million tons this year.
China may cut 1.5 trillion yuan (7.4 billion) worth taxes next year, Xiao Lisheng, an economist at the Chinese Academy of Social Sciences, told Chinese media. Zhou Tianyong, a professor at the Party School of the Communist Party of China Central Committee, told the media that he suggested that from 2019 to 2021, China's tax cuts would reach 5.6 trillion yuan. He did not elaborate.
China revoked the press cards of three Beijing-based Wall Street Journal journalists on Wednesday to protest its racially discriminatory language and malicious slander and attack on the country, Foreign Ministry spokesman Geng Shuang said.
China paid the remaining balance of its contributions to the UN regular budget for the year 2020 on Monday, according to a statement by the Permanent Mission of China to the UN.
China may encourage investment in advanced manufacturing, such as aerospace, semiconductor, integrated circuits, and rail transportation equipment, to cushion falling growth of general manufacturing.
来源：资阳报