20201103 China News
Source: | Author:eacham | Published time: 2020-11-03 | 945 Views | Share:
China's State Taxation Administration said Sunday the country's tax and fee cuts totaled 2.09 trillion yuan ($311.22 billion) in the first three quarters of this year.Of the total, 1.37 trillion yuan was saved under the preferential tax and fee measures unveiled this year to support economic development and COVID-19 containment.

The import and export of trade in services in South China's Hainan province reached 2.49 billion yuan ($372 million) in September, up 31.43 percent year-on-year, said the provincial commerce department. It was also a 137.65-percent growth month-on-month compared with August, the department said.

On Thursday, when China's top leadership stressed that domestic consumption will anchor the nation's long-term plans for stable post-COVID-19 economic growth, executives of major tourism agencies were delighted as it confirmed that their recent shift in focus from overseas group tours to domestic tourism was timely and strategic.
 Xiaomi claimed third place by global smartphone shipments, reaching 47.1 million units shipped worldwide in the third quarter, up 45 percent year-on-year, according to the latest report by Canalys, a market research company on Friday.

The Caixin China General Manufacturing Purchasing Managers' Index rose from 53 in September to 53.6 in October, signaling a marked improvement in business conditions of China's manufacturing sector, and the strongest reading since January 2011.

China's economy recovered steadily in October as the latest data showed the continuous expansion of the manufacturing and services sectors. Economists expect structural reforms and opening measures unveiled in the country's newly proposed five-year plan and its development goals for 2035 will help sustain long-term growth.

Among 31 provinces, cities and autonomous regions in China, 26 have posted strong economic recovery with GDP registering positive growth by Nov 1. In the first three quarters, residents' per capita wage income rose 3.6 percent year-on-year, as authorities took multiple measures to ensure employment and work resumption, Beijing Business Today reported. Source:Globaltimes,Xinhuanet,Chinadaily,Shine,Gdtoday，China Plus News

Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham










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