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China's top legislature is revising the personal income tax code in a sweeping overhaul of the tax system. Specific personal income tax changes that aim to reduce taxpayer burdens and boost consumption are expected after the proposed changes receive regulatory approval.

China's top courier service enterprises, including SF Express and UC Express, have signed a strategic cooperation agreement with the demonstration base.

China's spending on research and development hit a high of 2.23 percent of its GDP in 2019, up by 0.09 percentage point from the previous year, data from the National Bureau of Statistics showed on Thursday.

China's role is clear. It is one of the top three countries of influence in the world, which is a blessing and a responsibility. It is China's responsibility to participate in progress, peace, economic stability and the improvement of its citizens' and the rest of the world's citizens' lives. China is a weight on the scales, and where it puts its weight will have clear and imminent positive or negative effects.

China's reduction of excessive production capacity and the environmental protection measures put in place since last year have led to reduced production and rising prices for some industrial products. Meanwhile, costs have dropped, accounting for 92.74 percent of the main business revenues of industrial enterprises on average in August, compared with 93.4 percent a year ago, according to the NBS.