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China has set up its first court specializing in handling of internet-related disputes in Hangzhou, Zhejiang province, where many technology enterprises are located, amid rapid growth of online purchases and financial activities in the country.
China is expected to cut 2.3 trillion yuan (0 million) in taxes and fees in 2019, Securities Daily reported on Tuesday.
China has thousands of SOEs, but many have become stagnated due to a lack of competition. The government is trying to improve their fortunes through reform, moving toward mixed ownership and market-oriented management to improve efficiency.
China has set up the second phase of its national advanced manufacturing investment fund, with a size of 50 billion yuan (.12 billion), in order to inject new vitality into the nation's push for high-end manufacturing, according to State Development & Investment Corp, China's largest State-owned investment holding company.
China is to continue building a strong domestic market, encouraging economic growth based on increased internal consumption, which will in turn boost residents' incomes in 2019, said Ning.
