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China plans to reduce the tax burden and social insurance contributions of enterprises by nearly 2 trillion yuan (8.4 billion) this year, higher than the 1.3 trillion yuan of tax and fee cuts on enterprises and individuals last year, according to the Government Work Report delivered on Tuesday.
China still has a low per capita GDP, grapples with a lingering urban-rural gap, and is weak in industrial competitiveness and technological innovation, Wang Yuanhong, an economist at the State Information Center, wrote in a recent article.
China takes an objective and fair view when drafting the relevant policies, and Beijing is willing to maintain communication with Washington on the base of mutual respect, she added.
China put forward its dual-circulation development pattern in May, which takes the domestic market as the mainstay while letting internal and external markets boost each other.
China may see an upward trend in foreign direct investment inflow in the year's second half, business leaders and analysts said on Monday. The reason is that global companies remain bullish on further tapping the world's largest lucrative market, which has strong policy support and resilience, they said.
来源：资阳报