The goal of individual income tax reform is to establish an income tax system that combines classified and comprehensive taxation systems. The current classified individual income tax system levies different kinds of taxes. It is convenient to manage, and it is easy to levy tax as it is deducted at source-for example, an employer deducts an employee's income tax while paying his/her salary.
Had the long-awaited two-child policy not been announced at the end of last year, the severe shortage of pediatricians in China would probably have not attracted public attention. The irony is that the most populous nation is running short of not only babies, but also physicians to attend babies. While long queues and big crowds in Chinese public hospitals are not new, those in pediatric departments can be even more appalling. Waiting overnight just to register an ill child is fairly common experience for anxious parents and grandparents. Now, the expected baby boom and anticipated growing demand for child and maternal care have prompted medical policymakers to pay serious attention to the issue.
As a boy growing up in post-war Korea, I remember asking about a tradition I observed: women going into labour would leave their shoes at the threshold and then look back in fear. "They are wondering if they will ever step into those shoes again," my mother explained.
Premier Li Keqiang's daily work schedule during the annual session of the National People's Congress reflects China's changing economic geography.
With China seeking to reduce its overcapacity in the coal and steel sectors as part of its push for economic restructuring, some 1.8 million workers will be transferred or laid off according to government figures.
THE GOVERNMENT Work Report delivered by Premier Li Keqiang on Saturday highlights the need to acknowledge and address the inefficient implementation of certain policies.
ON THE SIDELINES of the current annual session of the National People's Congress, Wang Rulin, Party chief of North China's Shanxi province, revealed that a vice-mayor in the province embezzled more than 640 million yuan ($98 million), which was almost the total revenue of nine poverty-stricken counties last year.
A PRIMARY SCHOOL in Yongfu county, Southwest China's Guangxi Zhuang autonomous region, set up a special class last autumn with two elementary schools for the students with the lowest grades.
In early February, as China celebrated the start of the Year of the Monkey, a widely circulated hedge fund newsletter roiled financial markets by predicting a hard landing for the economy, the collapse of the "shadow-banking" system and the devaluation of the yuan.
Our rapidly growing world is facing the greatest resource pressures in history.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
