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China has previously deferred withholding income tax on profits that were distributed to overseas investors by resident enterprises in the country and directly reinvested in encouraged investment projects.
China has released economic data for July, with most of them weakening. The easing economy and the ongoing China-US trade tensions will likely add pressure to Chinese firms' profit growth even further in coming months, securities firm Nomura said in a research note.
China has welcomed the move, applauding all efforts to reduce tensions and create a more peaceful atmosphere on the peninsula, which could pave the way for future diplomatic talks on the nuclear issue on the Korean Peninsula.
China is an important stakeholder in Arctic affairs, and it has been participating in these affairs for a long time in accordance with laws, said Wang, adding that China upholds the spirit of respect, cooperation and sustainability.
China has shifted away from a relatively loose monetary policy that helped growth over the past years, gradually guided interbank lending rates higher and tightened supervision on non-performing assets, shadow banking and local government financing.
来源：资阳报