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China has been key in driving world growth since 2008 and many multinational companies view the country as critical to their strategic growth plans. Its position on the world stage is only set to increase as it transitions from being an export-driven to a consumption-driven economy. China is also pushing forward with initiatives such as the Belt and Road and becoming increasingly confident at world forums such as APEC, G20 and WEF.
China has been intensifying regulatory scrutiny on lending activities to rein in financial risks. Only a week ago, 12 banks were fined a total of 295 million yuan over a bill fraud case in the northwestern province of Gansu.
China had 285 billionaires with their total wealth reaching 6 billion in 2018, while the United States had 705 billionaires, the highest, with net worth of .013 trillion, said the report.
China has a large industrial sector, and quality should be improved by promoting the spirit of entrepreneurialism and craftsmanship, the premier said.
China has achieved the largest tax cut so far through its value-added tax reform, with the total reduction rising by 60 percent in 2017 from a year earlier, according to data released by the State Administration of Taxation.
来源：资阳报