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China launched value-added tax reform in 2012, and it was extended to the construction, real estate, finance and consumer services sectors in May last year.
China reduced taxes and fees by 2.36 trillion yuan in 2019, beyond the annual target of 2 trillion yuan, with manufacturing and micro and small businesses being the major beneficiaries. This year, the target is to make further tax and fee cuts of about 500 billion yuan, according to the Government Work Report for 2020.
China saw 6.01 billion domestic travelers and 300 million inbound and outbound travelers in 2019, up 8.4 percent and 3.1 percent year-on-year, grabbing a revenue of 6.63 trillion yuan (3.3 billion) and showing 11 percent growth from 2018, the China Tourism Academy announced in a report released on Tuesday.
China will accelerate the transformation of new technologies, processes, materials, and products into international standards, said Tian Shihong, deputy head of the State Administration for Market Regulation.
China on Thursday banned businesses from getting involved and profiting from Buddhist or Taoist temples' operations and religious activities.
来源：资阳报