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China's personal income tax threshold will increase from 3,500 yuan (0) to 5,000 yuan starting Oct 1, while the revised Individual Income Tax Law will go into effect on Jan 1, 2019, according to a notice released by the Ministry of Finance and the State Administration of Taxation earlier in September.
Chinese President Xi Jinping (R) meets with United Nations Secretary-General Antonio Guterres at the Great Hall of the People in Beijing, Sept 2, 2018. [Photo/Xinhua]

China, on the other hand, is concentrating on improving the real economy and is following a much less risky monetary and fiscal policy course. At the same time, Chinese industry is being restructured toward higher value products with world-leading technology. And China is taking many steps to move toward more efficient market-based institutions.
China's top envoy in Washington on Wednesday warned the Trump administration that trade "bullying" will backfire and argued that the United States' justification for a trade war is flawed.
China's purchasing managers index for the manufacturing sector edged down to 51 this month but remained well within expansionary territory, indicating a steady recovery of the sector, the National Bureau of Statistics said on Monday.
来源:资阳报