China has implemented positive fiscal policy this year, which is expected to reduce 1.3 trillion yuan ($188.4 billion) in taxes, 200 billion yuan more than planned. Tax cuts play a significant role in China's economy, and its importance has increased given the prevailing complicated economic situations at home and abroad.
Editor's note: A growing number of subscribers to Ofo, one of the biggest bike-sharing platforms, have been complaining about the difficulties in getting their security deposits back. How to ensure the deposits are returned to the subscribers at a time when the bike-sharing bubble has burst? Two experts share their views on the issue with China Daily's Yao Yuxin. Excerpts follow:
What China has achieved in the past four decades has vindicated the decision to initiate reform and opening-up.
In March, China woke up one morning to find that without having done anything truly wrong, it was to be severely punished.
AT THE END OF THE YEAR, large numbers of annual conferences, forums and lectures sponsored by various parties are staged, and almost all of them invite star scholars or expert speakers to participate. Beijing Youth Daily comments:
THERE HAVE BEEN A GROWING NUMBER OF COMPLAINTS from people unable to get their cash deposits of 199 yuan ($28.66) refunded by domestic bicycle-sharing company Ofo. Gmw.cn comments:
Editor's note: On Dec 10, Fuzhou Intermediary People's Court, Fujian province, granted the Qualcomm's request for two preliminary injunctions against four Chinese subsidiaries of Apple Inc, ordering them to immediately cease infringing upon two Qualcomm patents through the unlicensed importation, sale and offers for sale in China of the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X. Columnist Yu Pengkun, comments in a post published by Guancha.cn:
深汕特别合作区(shēnshàn tèbié hézuòqū)
When Deng Xiaoping embarked on the reform path 40 years ago, did he, never mind anyone else, have the slightest inkling it would lead to the China we know today?
In China, GDP growth slowed to 6.5 percent year-on-year in the third quarter from 6.8 percent in the first half of 2018. This moderation was mainly due to weaker investment and exports. Investment growth continues to decelerate as the economy transitions to a new growth path which is increasingly dependent on domestic consumption.
A politically-motivated cloud is obviously gathering over China's private telecom technology giant Huawei. It was reported that the telecommunications company Orange has ruled out using Huawei products in its core 5G network in France and Germany's Deutsche Telecom says it's reviewing purchases of Huawei equipment.
|
|
|
|
|
|
|
|