Stating from June 1 this year to the end of 2025, earnings of those industries will be exempted from the value-added tax, and enjoy a 10-percent deduction in taxable income.
Star Consortium Bangladesh, a combination leading 17 largest business groups in the country, will work as the local partner of KISC in this mega initiative.
Stephan Woellenstein, CEO of Volkswagen Group China, said the Volkswagen brand will localize 10 purely electric models of its ID family in the country by 2023, in addition to 10 new energy versions of models in its current portfolio by 2020.
State-owned FAW Group established its investment arm, FAW International Investment Co on Sept 24, aiming to support and consolidate its auto services in countries and regions along the Belt and Road.
Stanlake Samkange, senior director of strategic coordination and support, World Food Program, said people face the severe challenge of food security in the world, with 821 million still remaining hungry. In the past 30 years, China has achieved tremendous achievements in poverty reduction and economic development, he said, adding Thursday's event is a milestone for strengthening the cooperation of two sides.
Starting from the verge of collapse, China's economy has caught up fast, with its size surpassing Italy, France, Britain, Germany, and Japan to achieve second place in the world, according to the article.
武汉焦虑忧郁治疗
Statistics from the Ministry of Industry and Information Technology showed that the country's IC production was down by 8.7 percent year-on-year in the first quarter, with slumping prices for chips and weak market demand.
Statistics from the National Development and Reform Commission showed that the cost of logistics in China took up about 14.9 percent of GDP in 2016, down by 1.1 percentage points from the previous year.
Staff members from Jiuquan Customs, which is affiliated with Lanzhou Customs, supervise seed exportation. [Photo by Lanzhou Customs for chinadaily.com.cn]
Stalled negotiations regarding economic sanctions imposed because of the DPRK's nuclear program had also fueled tensions.