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China will reduce the tax burdens and social insurance contributions of enterprises by nearly 2 trillion yuan this year. [Photo/VCG]
China will take appropriate measures to defend the country's lawful interests, and the US should respect the facts and act prudently, the ministry said.

China's big three telecom carriers are forecast to spend 900 billion to 1.5 trillion yuan (4 billion to 3 billion) in total on 5G network construction from 2020 to 2025, according to a report from the China Academy of Information and Communications Technology. In comparison, Chinese telecom operators spent 720 billion yuan on 4G network construction from 2014 to 2018.
China's central State-owned enterprises saw their net profits surge 26.5 percent year-on-year to 226.4 billion yuan (.9 billion) in the first quarter of this year, thanks to measures including mixed ownership reform, the nation's top SOE regulator said on Thursday.
China's FTZs have a proven track record in attracting foreign investment. In the first half of this year, the country's initial 12 FTZs attracted foreign investment of nearly 70 billion yuan (about billion), accounting for 14 percent of the country's total, said Wang Shouwen, vice-minister of commerce.
来源:资阳报