with tax cuts alone accounting for more than 10 percent of the tax revenue target this year, according to the government budget, Wang said.
The cuts aim to reduce the burden on manufacturing companies, small
and micro-sized enterprises, and the working class, in an effort to stabilize em
ployment, the financial sector, trade, domestic investment and market confidence, Wang said.
He made the comments during an interview at the annua
l meetings of the national legislature and China’s top political advisory body.
“This scale of tax cuts and fee reductions has rarely been seen over the past decades, both
inside and outside China. It demonstrates the resolution, confidence, wisdom and power of our Party and gov
ernment to overcome difficulties and make great efforts to build a strong state,” he said.
up more sectors for equity investment, improving IPR regime, encouraging innovation and technological development.
Major reforms have been announced to boost market and investors’ confidence. The policy measu
res and programs announced today are considered as key drivers for continued economic growth of Ch
ina. China’s economic development is vitally important for the healthy development of world economy and for Nep
al it is more so as the economies of Nepal and China get increasingly inter-connected.
Moreover, China’s economic policies are more and more relevant for Nepal as we pursue our path of economic develop
ment in a faster pace by further strengthening economic ties with China. We are seeking expanded cooperation in inve
stment, connectivity (more specifically cross-border transport infrastructures including railways), to
urism, technology transfer, industrial development, agricultural development and development of digital technology, an
d we foresee greater investments, tourism and trade between Nepal and China in the year ahead.
Therefore, China’s continued growth, and stable socio-economic
development have paramount importance for Nepal. I wish a complete success in their end
eavor of developing China a moderately prosperous society in all respect by 2021.
Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak
ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin
ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&
P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.
Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen
stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai
n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.
The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.
China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co
untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.
(2 a.m. ET) and close at 2 p.m. (8 a.m. ET) Saturday, but reports soon emerged of widespread delays.
In the megacity of Lagos, CNN visited multiple polling stations, all of which opened hours la
ter than planned. Voters said they had lined up for hours before electoral officers arrived with voting materials.
To cast their ballots Saturday, voters were expected to complete an accreditation process in which officials from Nigeria’s Independent National Elec
toral Commission take their fingerprints and scan their permanent voting cards.
A nurse told CNN she turned up at a polling station after working a night shift, only to face a long wait.
”I am supposed to be resting now, but I came to the polling station (at) 7:30 a.m. thinking they the electoral commissi
on officials) will be here, but it’s two hours now, and they have not come,” Juliet Emoedin said.
Festus Okoye, a national commissioner for the electoral commission, sa
id stations that opened late would close an hour later, according to the Nigerian Television Authority, the state
is expected to decide this spring which suppliers can provide technology for 5G networks. If it chooses to allow the use of Huawei gear
it could seriously undermine the US campaign against the company and influence other governments that are weighing how to handle the issue.
The UK Department of Culture, Media and Sport said in a statement earlier this w
eek that it was “looking at a range of options” and that “no decisions have been taken.”
’A rigorous, ruthless advancement of China’s interests’
The RUSI report — written by former diplomat Charles Parton, who spent 22 years working in mai
nland China, Hong Kong and Taiwan — warned that the UK government needed to stay alert for int
erference from the Chinese government across a range of fronts, including politics and research.
Britain is a particularly appealing target for interference as a close
US ally with a large Chinese ethnic community and an open, advanced economy, Parton said.
Huawei founder Ren Zhengfei: The US ‘cannot crush us’
”Beijing’s interference is not aimed at subverting the West, but represents a rigorous, ruthl
ess advancement of China’s interests and values at the expense of those of the West,” he wrote.