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Between June 1 this year and the end of 2025, earnings of the above-mentioned services will be exempted from value-added tax (VAT), and enjoy a 10 percent deduction in taxable income. Those providing real estate or land for the relevant services will be exempted from deed tax, property tax, urban land use tax and six types of fees including registration fee for real estate.

Recalling the initial motivation to join the AIIB's founding, the 61-year-old minister who actually witnessed the birth and growth of the bank at its very early stage, gave three main reasons.

LONDON, June 17 (Xinhua) -- China and the United Kingdom held a new round of economic and financial dialogue in London on Monday, pledging to strengthen cooperation on the Belt and Road Initiative (BRI) and support the multilateral trade system.

BEIJING, June 25 (Xinhua) -- China on Tuesday vowed to work with African countries to enhance cooperation based on equality and openness to build a community of shared future.

However, some countries outside the South China Sea have obviously violated their commitments of not taking a position on the South China Sea issue, and have openly increased their involvement in the South China Sea, thus significantly increasing instability in the South China Sea, said the Chinese official.