Tax, land central to city's plan

Chongqing, the country's most populous city with 32 million people, is betting on tax policies and land expansion to drive its development into the next decade.

The plan: To retain excessive tax revenue over last year's levels till 2020, continue a 15 percent preferential income tax rate - compared with the standard 33 percent rate - for targeted businesses until that time, and to add hundreds of square kilometers of land for development.

The Chongqing delegation to the National People's Congress session has unanimously passed a motion calling for the central government to approve the above proposals.