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The halved vehicle and vessel tax will drive sales of cars with engines smaller than 1.6 liters as well, as the favorable purchase tax policy for them was revoked by the end of last year.

The growth rate from January to July stood at a stunning 97.1 percent, bringing sales in the seven-month period to 496,000 units, even though the Chinese government raised the threshold of its financial stimuli for such vehicles from early June.

The guideline said the annual report is a vital measure to strengthen State-owned asset management, as emphasized in Xi's report to the congress.

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The high profitability was attributed to brisk sales of memory chips. Samsung's chipmaking unit posted 13.7 trillion won of operating profit on revenue of 24.8 trillion won.

The growth was fueled largely by the bio-economic, tourism, digital and clean energy industries. The digital industry alone saw a year-on-year growth of 37 percent between January and September this year.

The hospital has been dedicated to offering medical aid to children in need since its foundation. Till now, it has offered free checkups to over 920,000 children across China and provided free medical treatment to about 900 children diagnosed with congenital heart disease.

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The highest tier of the current value-added tax rate, which is 17 percent, may have room for a potential cut of 1 to 2 percentage points this year, an amount equal to a reduction of more than 1 trillion yuan (5.2 billion) in tax revenue, said the anonymous expert, who has done research on the matter.

The health ministry also said there are currently a total of 65 patients considered severely ill and are on ventilators to receive respiratory assistance or have been admitted to intensive care units for medical treatment.

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The heart of midtown Manhattan was shut down for the 74th annual Columbus Day parade included bands, floats, performers and 35,000 marchers. And over a million people were estimated to have lined the streets -- from 44th to 72nd street, to watch the festivities that "celebrates the spirit of exploration and courage that inspired Christopher Columbus's expedition" and "the important contributions Italian-Americans have made to the United States," according to the organizers.

The group stayed in Chengdu for five days after winning an online contest co-sponsored by the United Nations Development Programme and the base.