The economic structure of the FTZ is continually optimizing with emerging industries. By the end of 2018, among the existing registered enterprises in the bonded area, there were 9,678 leasing and business service enterprises, an increase of 18.6 percentage points from six years ago, and 2,963 scientific research and technical service enterprises, an increase of 6.4 percentage points from six years ago.
The economist says new technologies have made it possible for intangible businesses to have huge scalability.
The economic performance was weaker than expected in 2019, since the initial IATA outlook in June stood at billion.
The enactment and implementation of the law on safeguarding national security in the HKSAR are affairs within China's sovereignty that brook no interference by external forces, the spokesperson noted.
The e-government service office of the General Office of the State Council entrusted the e-government service research center of the National Academy of Governance to compile the report.
The draft was first submitted to the National People's Congress (NPC) Standing Committee last December. The legislation was based on an NPC Standing Committee decision in 2004 to improve the use of people's assessors and a pilot program in 10 provincial-level regions starting in 2015.
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The effects of the tax cuts, especially for businesses buying fleets of cars, were expected to wane. Millions of recently leased cars were also to return to dealerships and compete with new cars for custom.
The draft said that the State Council, China's cabinet, will decide the scope and steps of the registration-based reform, allowing a flexible and step-by-step agenda of the reform.
The draft was submitted to a bimonthly season of the Standing Committee of the National People's Congress, China's top legislature, for first reading on Tuesday.
The earthquake hit Jiuzhaigou County at 9:19 pm Tuesday at a depth of 20 kilometers, according to China Earthquake Networks Center.