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China should deepen reforms in State assets, finance, land, market entry and market regulation to promote competition and improve the systemic environment through creation of a level playing field, he said.
China will continue to refine the value-added tax reform pilot program to enable further economic transformation and upgrades, a State Council executive meeting chaired by Premier Li Keqiang decided on Friday.
China launched a deposit insurance system in 2015, announcing that accounts with deposits of up to 500,000 yuan (,863) per depositor will be insured if a bank suffers insolvency or bankruptcy.
China is working to develop tourism into a major driver of economic transformation. By 2020, investment in tourism is expected to grow to 2 trillion yuan, and the sector will contribute more than 12 percent of GDP growth, according to a State Council five-year tourism plan (2016-2020).
China was the preferred location for the facility due to the increasing demand for petrochemicals in the country, said the company.
来源：资阳报