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Daily costs reduced in bid to get through outbreak

Decorated US commander Bernard Loeffke was wounded by Chinese troops during the Vietnam War. He soon changed his views on the country and its people, May Zhou reports in Hollywood, Florida.

David Rubenstein, Carlyle's co-founder and co-executive chairman, said that China's vast market and enormous growth potential, as well as its strong entrepreneurial spirit and supportive government, have made the country the most attractive investment destination for the firm outside of the US.

David Dinkins, former New York City mayor, narrated a portion of President Abraham Lincoln's Gettysburg Address, which was accompanied by Mulligan playing Antonin Dvorak's Symphony No. 9 in E Minor From The New World. Dinkins, who recently celebrated his 90th birthday, received a standing ovation.

Deepening VAT or value-added tax reform is a focus of this year's tax and fee cut and the lowered VAT rates starting April 1 would effectively reduce the real burden on market entities and help further develop the Chinese economy, said Li Jun, partner of China indirect tax services at PWC.