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China is implementing the largest tax and fee cut of recent years, saving enterprises and individuals nearly 1.35 trillion yuan (9 billion) in the first seven months of this year. As a tradeoff, governments at all levels are told to "tighten their belts."
China has vowed to further strengthen its oil and gas pipeline network during the next decade, in an attempt to further boost the clean fuel's share in the country's energy mix.
China is currently the world's largest crude oil and gas importer, importing 440 million tons of crude oil and 125.4 billion cubic meters of gas in 2018, up 11 percent and 31.7 percent year-on-year. The foreign oil and gas dependence ratio reached 69.8 percent and 45.3 percent, according to PetroChina's Economics and Technology Research Institute.
China is the biggest e-commerce market in the world, with its consumers spending 7.18 trillion yuan (.1 trillion) online last year — 32 percent more than 2016, according to data released by the National Bureau of Statistics.
China is seeking to balance domestic development between different regions. For the same purpose, the UK has proposed plans such as the "Northern Powerhouse" and the "Midlands Engine for Growth". This Summit, together with China-UK Joint Economic and Trade Commission, provides an excellent platform for the two sides to deepen understanding of each other's development strategies and dovetail relevant plans so as to create a better environment for business cooperation.
来源：资阳报