The nation is encouraging crossborder e-commerce transactions by easing the annual cap on trans-border online purchases and adding categories of imports to the duty-free list, according to the finance ministry. Starting from this year, the annual duty-free quota for cross-border e-commerce purchases for individual buyers will be lifted to 26,000 yuan (,822) from the current 20,000 yuan.
The move marks a step forward in expanding mutual recognition of professional qualifications between the Chinese mainland and Hong Kong and promoting the cross-border flow of people.
The move will also help prevent legal risks, resolve disputes and improve operations, management and decision-making based on rule of law, as well as provide solid legal protection for the development of the private economy, he said.
The name of the building, Wang Jing Memorial Hall, begins to tell the story. Many of the inhabitants of the village of Wang share their name, China's most common family name, with it, and many of those inhabitants have lineage to Wang Jing, whose name graces the hall.
The move kicks off the final sprint toward 5G commercialization, meaning that global mobile carriers, telecom equipment suppliers and device makers can now work together to build a standalone 5G network.
The move illustrated the country's desire to accelerate the modernization of its market access system, as well as strengthen the use of fair and transparent market principles.
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The move comes as Amazon’s relationship with its hometown continues to fray following the recent passage of a controversial tax on big businesses, though the company insists the relocation has nothing to do with the so-called head tax.?Amazon?paused construction?on one of its office towers as the debate raged, and though it has resumed work, Amazon said the tax has forced the company to question its future growth in Seattle. Amazon continues to fight the tax, donating to a campaign to repeal it.
The move was launched by the Chinese Society of Forestry and gained support from the State Forestry and Grassland Administration, several schools, research institutes, nongovernmental organizations and enterprises.
The more transparent and streamlined the policy is, the easier it will be to attract foreign investment in key sectors of the economy.
The move came after the COVID-19 outbreak kept diners away from their stores and thus spurred public demand of contactless services.