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Around 1,500 politicians, officials, entrepreneurs, scholars, and media representatives from over 90 countries and regions will discuss topics from inclusive growth to the new industrial revolution.
As Asia's economic health tides over its worst impact from the novel coronavirus pandemic, analysts expect China to play a key role in leading the regionwide rebound with its further opening-up and industrial innovations.
As Leung explained, equipment manufacturing as well as research and development are included in the Made in China 2025 strategy. These companies usually invest heavily in their early days in machines, plants and all other related facilities. It will take a long time before they finally register sales and profits. With the new policy, the VAT can be retained, which means that companies can enjoy a tax rebate when they eventually report sales results. It can largely secure their cash flow and relieve this tax burden.
Approximately 2.9 billion yuan of the proceeds is proposed to repay the outstanding bank loans of Sanya Atlantis, and the remaining proceeds are for the Group's business development. The Foliday board thinks revitalizing existing assets by issuing the CMBS will help improve the financing structure of the company, effectively expand financing channels, reduce financing costs, enhance financing efficiency, help provide sufficient cash reserves and accelerate the development of the Group, according to the announcement.
As China has risen to become the world's second-largest economy, it has strengthened its presence in the global arts and culture scene in recent years.
来源：资阳报