Li Xuhong, a professor of the Beijing National Accounting Institute, said the basic deduction and other special deducted items will further shrink the taxpayers' burden. The special deduction items will increase after-tax income and help boost domestic consumption.
Li also noted that low-income earners will be allowed to postpone the payment of their social insurance premiums this year, and all employment-related government charges will be canceled.
Li added: "Ever since the central government named Fujian as the core area for the 21st Century Maritime Silk Road in 2015, the province has made a lot of achievements in infrastructure construction, interconnection and intercommunication, international collaboration in output and cultural exchange."
Li Lingshen, president of China Nonwovens and Industrial Textiles Association, estimated that Chinese companies' daily production capacity of meltblown nonwoven fabric will reach 200 tons between the end of March and early April, therefore the nation is capable of producing between 200 million and 250 million face masks per day.
Li Zhanshu, chairman of the NPC Standing Committee, presides over a meeting during a second review of the draft national security law for Hong Kong in Beijing, on June 28, 2020. [Photo/Xinhua]
Li Ruiqin, the Managing Director of Twyford Ceramics said plans are in the pipeline to increase production in order to meet a high demand for tiles in Kenya and across the Eastern Africa region.
成都锦江区皮肤病科医院
Li Shufu, chairman of China's Geely Automotive Holdings, is even more confident. He told reporters in mid-March that "Chinese brands are now already as good as, if not better than, South Korean brands in terms of quality, and I believe we can catch up with Japanese brands in one or two years".
Li Sainan, 34, who works for a company in a fourth-tier city in Jiangxi province, said she spends about half of her salary on clothes and cosmetics, and she particularly trusts high-end skincare and cosmetics items.
Level three will allow 8 million people to return to work with the reopening of most of the economy.
Li Zhengmao, vice general manager of China Mobile, the nation's largest mobile telecom carrier by subscribers, said the company is building a large-scale internet of things network which will build a sound foundation for the era of AI.