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Political advisors discuss comprehensive competitiveness of foreign trade******
BEIJING, Nov. 6 (Xinhua) -- Chinese political advisors have discussed measures to promote the comprehensive competitiveness of foreign trade at a consultation session in Beijing.。
The biweekly session was held by the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body. Wang Yang, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and chairman of the CPPCC National Committee, presided over the session recently.。
Based on the strategy to pursue a new development pattern, reforms should take place in foreign trade quality, structure, efficiency and institutions to achieve more sustainable development with higher quality and better security, Wang said.。
Eleven political advisors and experts offered their proposals at the session, and over 50 political advisors voiced their opinions via a mobile platform.。
They acknowledged China's progress in foreign trade, adding that uncertainties and challenges have increased due to profound and complex changes at home and abroad.。
However, China's foreign trade still has strong competitive edges, and the long-term development trend of steady quantity and rising quality has not changed, they said.。
They called for an in-depth study on the impact of COVID-19, changes in international supply chains, rising commodity prices, and difficulties in international logistics, suggesting better policies to support foreign trade, including helping alleviate the financing difficulties of small businesses. Enditem。
China's Guizhou sees robust GDP growth in first three quarters******
GUIYANG, Oct. 20 (Xinhua) -- The gross domestic product (GDP) of southwest China's Guizhou Province totaled nearly 1.4 trillion yuan (about 219 billion U.S. dollars) in the first three quarters of this year, up 8.7 percent year on year, according to local authorities.
Guizhou is a famous tourist destination in China. The province attracted 496 million tourists and obtained a total tourism income of over 490 billion yuan in the period.
The province's industries including the internet and related services, as well as software and information technology services, registered a year-on-year operating income increase of 99.1 percent from January to August this year.
The province's imports and exports rose 22.6 percent, and its fiscal revenue increased 12.9 percent year on year in the first three quarters. Enditem
China to extend tax incentives for overseas investors to attract more foreign investment******
BEIJING, Oct. 27 (Xinhua) -- China will extend the preferential tax policy for overseas investors investing in the mainland bond market, as part of its efforts to promote opening-up and attract foreign investment, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
The meeting noted that China will continue to expand opening-up, leverage the strengths of its big domestic market and foster a more enabling business environment. More will be done to attract foreign investment and encourage more foreign investors to participate in China's domestic development through the bond market.
"We will make greater efforts to attract foreign investment, and welcome overseas investors to our bond market on the mainland," Li said.
The meeting decided that the policy to exempt overseas institutional investors from corporate income tax and value-added tax on their bond interest gains arising from investment in the mainland bond market will be extended till the end of the 14th Five-Year Plan period (2021-2025), i.e. December 31, 2025.
Competent departments shall go through the record-filing process with the Standing Committee of the National People's Congress in accordance with laws and regulations, and in the meantime strengthen market regulation and curb irregularities such as excessive speculation and market manipulation.
"We should respond proactively to the concerns of market entities, effectively conduct cross-cyclical adjustments and anchor market expectations to help enterprises survive and thrive," Li said. Enditem