The government has removed customs duties, and VAT and sales taxes for charitable donations in goods and equipment, such as reagents, disinfection items, protective materials, ambulances, anti-epidemic vehicles and sterilizing vehicles.
The government also intends to raise the personal income tax threshold and create expense deductions for items like children's education and treatment for serious diseases, the premier said.
The gear business in SPPTE started to shrink in 2012, as SMTCL adopted new CNC (computer numerical control) machine tools that only required several gears to build, instead of more than a hundred in previous models.
The founder of the e-commerce giant has made no secret of his plans to turn it into a truly global business. And the pieces behind that dream are starting to fall in place.
The government will enhance cooperation with foreign countries on building a legal framework and help enterprises identify risks, thereby improving the quality of investment, the report said.
The government will establish a special transfer payment mechanism to ensure that the funds will be channeled to city and county-level authorities so that they can arrange for them to be spent as soon as possible, he said.
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The fund will be used to support the selection, research and development of drugs targeting the novelcoronavirus and a string of works to fightagainsttheepidemic, as well as popularize and disseminate health security information for the long term.
The funding cost is also lowered. "Unlike term loans, I can use and repay the loan at any time, so the real cost goes down," Cheng said.
The fundamental reason for the failure to reach an agreement in the 11 rounds of China-US economic and trade consultations is that the US side is trying to realize unreasonable demands for its interests through extreme pressure, and the US side wants to confuse public opinion and shift the blame to others, said Lu Kang, spokesperson of the Foreign Ministry on May 20.
The goal of co-hosting the China-France Year of the Environment is to strengthen dialogue and cooperation on environmental protection, climate change and biodiversity protection and jointly address global environmental challenges, noted Xi.