The US-based Faraday Future unveils its prototype EV FF91 at the Consumer Electronics Show in Las Vegas in January. [Photo provided China Daily]
The United States corporate tax reduction could provide an opportunity for Chinese companies to increase their market share and even become top leaders of their sectors in China, considering that their US competitors may adjust business strategies in China, EY experts said on Monday.
The United States will have no mercy when it comes to clamping down on competitive non-US companies. To achieve its technological hegemony, Washington has never hesitated to openly violate the principles of market economy and fair competition which the United States has always flaunted.
The US economy, now in its 11th year of expansion, the longest on record, got a boost last year amid a worldwide economic slowdown when the Federal Open Market Committee (FOMC) cut interest rates three times by a quarter-point each in 2019.
The United States has been accusing Russia of interference in the US presidential elections in 2016 and involvement in hacker attacks against the United States, which have been denied by Russia.
The US Senate passed a major bill on a party-line vote whose main feature is a drastic tax cut for corporations - a reduction of tax rates down to 20 percent from 35 percent, the lowest level in decades. Taxes for individuals would also be eased modestly in the short run, but would quickly rise for middle-and low-income earners.
南昌肛门长了快小肉
The United States and Taliban claim progress in ongoing peace talks, but little has changed for Afghans, and recent attacks underscore how children remain as vulnerable as ever in the grinding conflict.
The US Department of Commerce placed the companies and institutions, including cybersecurity company Qihoo 360 Technology, artificial intelligence startup Cloud-Walk Technology and Beijing Computational Science Research Center, on a list barring them from buying components from US companies without government approval.
The UN General Assembly adopted a resolution in November asking all countries to observe a truce during the upcoming Winter Olympics.
The UN chief added that financial reporting on exposure to climate risks should be made mandatory, while authorities must integrate the carbon neutrality goal into economic and fiscal policies in order to truly transform industry, agriculture, transportation and the energy sector.