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China helped fuel a surge in global growth for the asset management industry last year, according to a new report from the Boston Consulting Group.
China has set up 31 IPR protection centers, 20 fast rights-protection centers and 76 IPR aid centers to facilitate assistance for IPR protection, according to Zhang Zhicheng, head of the protection department of the NIPA.
China implemented a proactive fiscal policy, with tax cuts and rate reductions as the most important measures since 2018. Specific policies included deepening the reform of value-added tax (VAT); adding special additional deductions of personal income tax; further expanding the scope of small enterprises that enjoy preferential corporate income tax; and policies to promote the development of innovative and high-tech startups.
China is expected to have about 150 million 5G mobile subscribers by the end of this year, as the nation scrambles to accelerate construction of new infrastructure, including 5G base stations, said Liu Duo, another NPC deputy and head of the China Academy of Information and Communications Technology, on May 25.
China is already more digitized than many observers appreciate and has the potential to set the world's digital frontier in the coming decades, according to global consultancy McKinsey, which attributed such success to the government's active role in building world-class infrastructure and shaping healthy digital development through regulation and enforcement.
来源：资阳报