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Last week, a number of customized programs for mixed-ownership reform began at subsidiaries of central SOEs, including China Railway Rolling Stock Corp, State Power Investment Corp and State Grid Corp.

Last year, China earned 0 billion from inbound travelers, an increase of 5.6 percent on the year before. However, Chinese spent 1.1 billion when they visited other countries, according to the 2016 Statistical Communiqué on National Economy and Social Development.

Last month, China announced plans to lower its VAT rate. Starting from April 1, the VAT rate for refined oil products dropped from 16 percent to 13 percent.

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Last month, the State Council, China's cabinet, released a circular that listed business system reforms and introduced new measures. These measures include the adoption of fully online procedures to start a business, in order to further reduce the time required to establish an enterprise, improving the country's business environment and invigorating the market.

Last month, YouTube announced it would ban content promoting the sale of guns and gun accessories as well as videos that teach how to make guns.

Last year, BMW established a digital business company, which is engaged in areas including digital marketing solutions, big data analytics, customer relationship management and e-commerce.

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Last Saturday, a fire started in Daxing district in a cold storage basement, where refrigeration equipment was being tested.

Last month, the US Federal Communications Commission approved an order, which imposes limitations on the use of an .5 billion government fund to purchase equipment or services from companies including Huawei deemed a threat to national security.

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Last year, the airport handled 65.84 million passenger trips, up 10.2 percent year-on-year. Of those trips, 15.89 million involved foreign passengers, up 20 percent year-on-year.

Large high-tech manufacturing companies refer to those with annual revenue of 20 million yuan or more from their main business operations.