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China has gradually developed into the largest exporter of manufactured goods and the largest importer of primary products. Last year, it exported about .09 trillion worth goods, about 10 times more than in 1989.
China firmly defends the international system at its core, resolutely safeguards the basic norms governing international relations, builds upon the purposes and principles of the UN Charter, and vigorously supports multilateralism, said Ma at the General Assembly high-level meeting on peace building and sustaining peace at UN headquarters in New York on Wednesday.
China has continued to cut taxes to ease tax burdens on enterprises and individuals this year to boost the economy. New measures include cutting value-added tax by 1 percentage point, which came into effect in May, and raising the personal income tax threshold to 5,000 yuan from 3,500 yuan, which is set to come into force on Oct 1.
China began working on extradition treaties with Sri Lanka in September 2014 and Vietnam in October 2013. The treaty with Vietnam was reached in 2015, while the one with Sri Lanka was done a year later.
China booked a 17 percent increase, in a reversal of fortunes after slowing sales weighed on results in recent years.
