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China's centrally administered SOEs earned 8 billion in profit in 2017, up 15.2 percent year-on-year.
China's bond market has a total value of 108 trillion yuan (.35 trillion) now and is the second largest in the world. By the end of June, about 900 foreign institutions from more than 60 countries and regions had accessed the interbank bond market, investing in 2.6 trillion yuan of bonds denominated in Chinese yuan, rising at an average rate of 40 percent per year since 2017, according to data from the central bank.
China's central bank has determined it will cut the one-year interest rate of the medium-term lending facility (MLF) to 2.95 percent, down from 3.15 percent, a statement said on Wednesday.
China's Team Invictus Gaming celebrates winning the 2018 League of Legends World Championship in Incheon, South Korea, on Nov 3, 2018. [Photo/VCG]
China's VAT rate structure was further cut from four to three tiers－set at 6 percent, 11 percent and 17 percent－starting from July 2017, which led to tax cut of 14.7 billion yuan from July to December, according to a State Administration of Taxation official.
来源：资阳报