In 2016, the country implemented a comprehensive reform in replacing the business tax, a mainstay of local tax revenues, with VAT in a bid to ease the tax burden on companies. The reform also replaced the 75-percent-to-25-percent split of VAT revenues with an equal share between the central and local governments for a transition period of up to three years.
In August 2017, a computer club owner surnamed Liu reported to police that his computers were running very slowly. They could not be used to search for information, let alone play computer games.
In 4,358 cases, administrative departments took the initiative to correct the wrongdoings. In all the cases that eventually went to court, judges ruled in 222 cases, all in favor of the prosecutors.
In 2018, the company has invested a total of 54 billion yuan in four production projects, including smart mobile terminal, intelligent TV, 8.6 version LCD screen and glass substrates, in a move to deepen integrating the industrial chain on digital manufacturing, both upstream and downstream.
In 2018, 85.7 percent of Chinese "unicorns" were established in these four cities, accounting for 94.5 percent of total valuations of "unicorns" around China.
In 2017, the United States was China's second largest trade partner and China hopes to deepen economic and trade cooperation with the country to achieve mutual benefits, Huang said.
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In April 2011, the State Council gave Hainan permission to run a pilot offshore duty-free program in an effort to make the island a world-class tourist destination. The per-capita duty-free shopping quota in Hainan was raised to 30,000 yuan (,287) per year from the previous 16,000 yuan since December 2018, without limits on the number of purchases.
In 2018, the Chinese manufacturer of electric vehicles won the inaugural Select LA investment award for making a significant contribution to the local economy and for creating permanent, well-paying jobs.
In 2018, 13 major cities in the region had seen their PM2.5 density drop by nearly 50 percent from that of 2013.
In April 2018, they wrote a letter to President Xi Jinping, and said they were willing to donate 15 million tea bush seedlings to help residents living in poor areas. Xi had recognized the idea.