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China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan (.58 billion) this year to drive high-quality development, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.
China's centrally administered SOEs, supervised by the SASAC, on Monday reported double-digit growth in business revenues and profits in 2017. They gained a total of 1.4 trillion yuan (6.8 billion) in profit, up 15.2 percent year-on-year. Total revenue of the centrally administered SOEs rose 13.3 percent year-on-year to 26.4 trillion yuan in 2017.
China's Ministry of Commerce said on Saturday that the US has criticized the intellectual property rights situation in other countries for a long time. The report lacks objective standards and fairness and was generally opposed by the countries concerned, it said in a statement.
China's central bank said it is working together with local governments to develop five new green finance pilot zones, an initiative that will help fund the country's fight against pollution－which some analysts have estimated will cost over 3 trillion yuan (0 billion) annually in investment.
China will speed up the launching of 5G commercialization certificates to upgrade information consumption.
来源：资阳报