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Local residents who live nearby could also be better equipped to engage in tourism services. In 2017, some 125,000 farmers and herders benefited from the tourism industry, earning 12,000 yuan per person on average, by selling souvenirs, snacks, and other specialty products.
The average debt-to-asset ratio of SOEs should be reduced by 2 percentage points by the end of 2020, as compared with that at the end of 2017, according to the guidelines released by the general offices of the Communist Party of China Central Committee and the State Council.
In addition, Japanese yen weakened over 2 percent, resulting in write-downs in the yen assets China held with its forex reserves.
Commenting on more stringent rules on foreign investment review recently unveiled by the U.S. Treasury Department, Gao said, for any country or industry, development will be achieved through opening-up and cooperation, while isolation will surely cause backwardness.
He said the ministry is working on more measures to cut taxes and fees, which if implemented, will make the growth of fiscal revenue stay at a low level in the coming months.
来源：资阳报