The meeting asked Liu Changlong to resign from the post of mayor of Changchun, and Bi Jingquan to resign from the post of the Leading Party Members Group Secretary of the State Administration for Market Regulation and as deputy head of the administration. Bi served as the former head of the now defunct China Food and Drug Administration from February 2015 to March 2018.
The measures will not only help banks increase their presence in China but are a boon to many other foreign businesses, analysts said.
The middle of three pupils holds a letter from first lady Peng Liyuan to students at a Hong Kong kindergarten on Monday. The letter was forwarded to the students by Carrie Lam Cheng Yuet-ngor, Hong Kong's chief executive (center). EDMOND TANG / CHINA DAILY
The ministry warned that security incidents frequently occurred in Sweden and China's embassy in Stockholm has received reports of robbery, property theft and other crimes reported by Chinese travelers since April.
The meeting identified a number of tax incentives for community-based elderly care, child care and household services. Between June 1 this year and the end of 2025, earnings of the above-mentioned services will be exempted from value-added tax, and enjoy a 10 percent deduction in taxable income. The scope of VAT exemption for household services companies with contract-based employment will be expanded.
The measures also include facilitating the entry of Hong Kong enterprises into the mainland market, offering vaccines for the city to fight the epidemic and improving the infrastructure of boundary control points between Hong Kong and Shenzhen.
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The meeting on Wednesday decided to enhance the support to the innovation of SMEs and micro enterprises with more targeted measures. One-stop investment and financing information service for small and medium-sized enterprises would be made available nationwide. That would include a pledge for patent rights associated with loans, insurance and risk compensation.
The men visited several attractions in Beijing, including Tian'anmen Square, National Stadium and a large square for skating nearby.
The metropolitan city has recruited 55.3 percent of the world's retailers doing business locally for the initiative, trailing Dubai's 62 percent for a similar campaign, said Vice-Mayor Xu Kunlin during the China International Retail Innovation Summit held in April.
The meeting also called for consistency in payment formats. The share borne by employers for workers' basic aged-care insurance must be kept at no higher than 16 percent.