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China's GDP growth for 1st quarter of 2019 reached 6.4 percent. [Photo/Xinhua]
China will step up oversight of fintech sector by establishing regulatory regimes at local levels and bringing supervision on par with the fast-growing industry to rein in financial risks, said experts consulting the nation's top financial regulators.
China's GDP growth slipped to 6.5 percent year-on-year in the third quarter. But its overall GDP growth in the first three quarters remained at a high level of 6.7 percent and it is set to achieve its preset GDP growth goal of about 6.5 percent for this year.
China's A-share is very likely to be included into Morgan Stanley's Capital Index (MSCI) global benchmarks this year, Shanghai Securities News reported on Tuesday.
China's VAT rate structure was further cut from four to three tiers－set at 6 percent, 11 percent and 17 percent－starting from July 2017, which led to tax cut of 14.7 billion yuan from July to December, according to a State Administration of Taxation official.
来源：资阳报