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The pace of the reform to cut red tape in China was fast in the past five years. World Bank data has seen China's ranking improve by 18 places for "ease of doing business" in the past five years, and increase by 65 places for "ease of setting up a business."
This policy has been piloted in the China's eight innovation and reform experimental zones, including the Beijing-Tianjin-Hebei area, Shanghai and Guangdong, as well as in Suzhou Industrial Park. Such tax cuts will be implemented from Jan. 1 for corporate income tax and from July 1 for personal income tax this year.
Based on the directions of Chinese President Xi Jinping and U.S. President Donald Trump, the Chinese and U.S. delegations conducted constructive consultations on trade on Thursday and Friday, the statement said.
The revised rules released by the China Securities Regulatory Commission (CSRC) allow foreign investors to take a controlling stake in joint-venture securities firms, and promise to gradually expand the business scope of such firms.
Han Xiucheng, director of the office's Intellectual Property Development Research Center, made the remarks at the launch of a report about China's IPR development in 2017.
来源：资阳报