In the first nine months of 2019, enterprises and individuals saved nearly 1.8 trillion yuan thanks to the fiscal incentives, which meant a tradeoff in tax revenue. By the end of September, the national tax revenue, excluding export tax rebates, totaled 11.2 trillion yuan, with a growth rate plunging 12.9 percentage points from the same period last year, Cai said.
In the first quarter, the new lending rate of China's five major banks extended to small and micro enterprises averaged at 4.4 percent, down 0.3 percentage points from the rate in 2019, according to Yi.
In the first quarter of 2020, Huawei held its position as the world's largest telecom gear maker, with a market share of 35.7 percent, followed by Ericsson and Nokia, according to market research company Dell'Oro.
In the context of a fluid and complex international situation and severe shocks to the global and regional economies, we face the common task of sustaining the good momentum of our cooperation to help tackle risks and challenges and achieve shared progress. To this end, China wishes to propose the following:
In the first two months of this year, the country's new yuan loans increased by a total of 374.8 billion yuan year-on-year to hit 4.11 trillion yuan, according to the central bank.
In the financial sector, China will substantially ease market access. We will work with the UK to accelerate the preparations for launch of the Shanghai-London stock connect, which will surely open up broader prospects for China-UK cooperation on green finance.
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In the first two months, the country's tax revenue increased by 18.4 percent year-on-year, up by 1.8 percentage points compared to one year earlier. In breakdown, domestic value-added tax increased by 22.3 percent, domestic consumption rate increased by 29.5 percent and corporate income tax increased by 14.8 percent.
In the future, the CSRF will augment investment in high-tech and high-end equipment industry, including sectors such as third-generation nuclear power plants, the internet of things, big data, robots, premium healthcare and intelligent manufacturing.
In the first six months of this year, no poultry eggs from Vietnam were imported into Hong Kong, according to the HKSAR government's Census and Statistics Department.
In the VR theatre, the seat can rotate 360 degrees so that everyone can see the image in all directions, according to Che Lin, the curator of the VR image week.