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China has decided to make unprecedented cuts to taxes and corporate pension payments and increase investment in such fields as agriculture, infrastructure, technological innovation and social causes, officials said. That will predictably lead to heavy fiscal pressure as a result of reduced fiscal income and increasing expenditures.
China began a 10-year fishing moratorium from the beginning of this year in 332 conservation areas in the Yangtze River basin, which will be expanded to all the natural waterways of the country's longest river and its major tributaries from no later than Jan 1, 2021.
China cut individual income tax by nearly 200 billion yuan from October 2018 to January 2019.
China has just approved 14 Chinese asset managers to float pension target securities investment funds, a move to improve A-share market liquidity and offer the nation's middle-income earners more diversified pension management solutions.
China first launched the toilet revolution project in 2015 to increase the number and quality of toilets at scenery sites. The campaign has been expanded to build more public toilets in cities, renovate existing toilets and build better ones in rural areas later.
来源：资阳报