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During a visit to the State Administration of Taxation and the Ministry of Finance on Friday, the premier hailed the expansion of the VAT scheme, which began in 2012 to replace business tax with VAT in certain industries, as a major step in China's structural reform.
Chinese enterprises are experienced in building infrastructure, while entering unfamiliar, challenging and often risky business and geographical environments plays well to the expertise of U.K. firms, according to Giles Blackburne, report editor and CBBC executive director.
A more socially significant impact of the VAT reform is that it eases tax burdens for small- and medium-sized enterprises (SMEs), which experts say will encourage entrepreneurship and boost job creation.
The Washington summit will focus on issues relating to nuclear proliferation and security. Xi will make a keynote speech sharing China's nuclear policy, and offering suggestions on how to improve global nuclear security.
Daniel Butterud, a Norwegian studying at Hangzhou Dianzi University, was among the first group of beneficiaries to set up a startup with the help from the center.
来源：资阳报