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Cheung said that for a typical Chinese salary earner who needs to support a child over 3 years of age, has parent(s) over 60 years of age, and is financing qualified home mortgages will enjoy specific additional deductions over a fiscal year of 48,000 yuan (,950). In such a case, annual tax savings achieved from the specific additional deductions, if taxed at a 20 percent rate, would be 9,600 yuan.

Chen's work has been exhibited in the US and China and he has participated in a variety of public art projects and large-scale space paintings in New York, Hangzhou, as well as Turin, Italy and Athens, Greece.

Cheng said the new tax cut measures are designed particularly for small and micro-profit businesses, mainly to ensure employment and encourage technological innovation.

Chen said the BRI has great potential to improve connectivity and facilitate growth.

Chen Rugui, former Party chief of Zhongshan, was appointed as deputy mayor and acting mayor of Shenzhen during a conference of the city's standing committee of the people's congress on Thursday.