20221009 China News
Source: | Author:eacham | Published time: 2022-10-09 | 907 Views | Share:



01

China has ramped up its tax and fee incentives and supporting policies to enterprises, a move that has not only offered a "timely rain" to companies in financial drought but also served as a shot in the arm for the economy. Official data from the State Taxation Administration showed that China's tax refunds as well as tax and fee cuts and deferrals had exceeded 3.4 trillion yuan (about $478 billion) by Sept 20.

 

02

The fifth China International Import Expo (CIIE), set to be held a month from now, is in the final preparation stage with foreign companies expecting it to provide market opportunities. The expo, to be held in China's economic hub Shanghai, is on schedule despite the impact of the COVID-19 epidemic, and showcases the country's commitment to further opening up its massive market for shared growth.

 

03

The Chinese mainland on Thursday reported 216 locally transmitted confirmed COVID-19 cases, including 42 in Sichuan and 41 in Guangdong, according to the National Health Commission's report on Friday. A total of 1,267 local asymptomatic carriers were newly identified.

 

04

China's national observatory on Friday renewed an orange alert for droughts in parts of the country's southern, eastern and southwestern regions. Parts of Zhejiang, Anhui, Hubei, Fujian, Jiangxi, Hunan, Guizhou, Guangdong, Guangxi and Chongqing have experienced moderate to severe droughts, according to the National Meteorological Center.

 

05

A Chinese team has realized, for the first time in the world, the ultra-high-precision time-frequency dissemination, a technique to monitor and synchronize clocks, over a long distance, more than 100 kilometers. The scientific achievement could help set higher standards for the global timing, navigation and positioning, the wide-area quantum communication and the testing of physics basic principles.

 

06

Chinese automakers are expanding their global presence by making acquisitions and scaling up exports, which is all driven by their increasing competitive edge, especially in terms of electric vehicles. Zhejiang Geely Holding Group, China's largest private carmaker, said on Friday that it has acquired a 7.6 percent stake in loss-making British luxury carmaker Aston Martin.

 

07

China's securities market has played a constructive role in guiding capital to promote sci-tech innovation in enterprises, according to a recent report. The number of initial public offerings (IPOs) on China's Nasdaq-style sci-tech innovation board (also known as the STAR market on the Shanghai Stock Exchange) and the tech-heavy ChiNext market on the Shenzhen Stock Exchange accounted for 75.68 percent of the country's total IPOs in 2021, according to the report from the Securities Association of China.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham




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