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China will this year grant temporary 5G licenses to promote the application and construction of fifth-generation mobile communication technology, the Ministry of Industry and Information Technology, the country's top industry regulator, said on Thursday.
China's GDP grew faster than expected in the first half of the year, up 6.9 percent from a year earlier, according to data from the National Bureau of Statistics.
China will provide more quality services to foreign firms and create a more law-based, internationalized, and convenient business environment, Gao said.
China's capital intensity ratio was 1 percent in 2001, and as of 2016, it was 18 percent, marking an 18-fold growth. Now, with overcapacity, and excess inventory and capital, China should go global supported by capital accounts, facilitating outflows of the renminbi through overseas investment and export of capital. Meanwhile, China should bring back the renminbi by exporting industrial products. Then, a full circulation cycle of the yuan will be completed.
China will cut taxes on commercial endowment insurance expenses for individuals in Shanghai, Fujian province and the Suzhou Industrial Park through pre-tax deduction starting May 1.
来源：资阳报