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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.
Around 50 exhibitors and 100 local buyers attended the matchmaking session, and a video conferencing area was set up to connect companies which cannot come to the site.
Armed police officers participate in a funeral ceremony to bury the bones of Red Army martyrs found in Guanyang, Guangxi Zhuang autonomous region, on Sunday. Zhou Linlu/China News Service
Argentina registered its first case of COVID-19 on March 3, and has reported over 1,195,000 confirmed cases of infection and more than 32,000 deaths from the disease.
As China is still in the process of transitioning from a quantity-based economy to a price-based framework, precisely gauging the monetary policy stance can be challenging as "the central bank utilizes many instruments, balances many objectives, and faces many constraints", said Shan.
来源：资阳报