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China's VAT rate structure was further cut from four to three tiers－set at 6 percent, 11 percent and 17 percent－starting from July 2017, which led to tax cut of 14.7 billion yuan from July to December, according to a State Administration of Taxation official.
China's LNG imports rose 32.8 percent to 26.06 million tons in 2016.
China's Greater Bay Area strategy reflects "the greatest respect and greatest admiration" the Chinese government has shown to Hong Kong and the people of Hong Kong, and is the solution to social unrest in the special administrative region, said Stephen Perry, chairman of the 48 Group Club, a Britain-based business networking organization.
China's Ministry of Commerce and Russia's Ministry of Economic Development issued a statement about the road map for high-quality development in the bilateral trade in goods and services by the year 2024, the year in which the two countries aim to raise bilateral trade volume to 0 billion.
China will cut VAT rates as part of a tax reduction package amounting to 400 billion yuan (.6 billion) this year, according to a decision made at a State Council executive meeting Wednesday.
来源：资阳报