To bolster growth, China has introduced a string of measures to deepen tax reform and to reduce the corporate tax and administrative fees burden. The country expanded the implementation of value-added tax reform to all industries last May, which helped cut tax by about 700 billion yuan.
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To date, the group has purchased 39.87 million sets or pieces of medical goods and protective materials such as including facial masks, disinfectant, protective gloves, goggles, medicine and medical equipment for these local governments, involving 52.24 million yuan in procurement.
To further increase the transportation capacity of China-Europe freight train services, the China Railway Xi'an Group has joined hands with relevant authorities and companies to optimize declaration and approval procedures to lower costs and improve efficiency.
To date, the novel coronavirus has infected people in more than 40 countries and regions. Earlier this week, at least 11 towns in northern Italy were locked down, with residents told to isolate themselves at home after the number of confirmed cases surged within a few days.
To further stabilize foreign trade, the State Council announced it had issued a guideline to roll out more measures aimed at protecting foreign trade entities and keeping supply chains stable.
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To counter the effect of the restrictions, Tokyo, the capital city, which had 4,712 infections, the most cases in Japan and nearly triple the number of second-placed Osaka, decided to give more financial aid to small and medium-sized businesses that agreed to suspend operations until the end of May.
To boost cross-border e-commerce, the Chinese customs service has been working to simplify the clearance process to make it easier for foreign merchants and Chinese importers.
To better tap into the local market, Ember has set up two offices - in Zhuhai, Guangdong province and Hong Kong. The company also owns a manufacturing facility in Zhuhai.
To facilitate the smooth transportation of goods between them, the two sides constructed the Ethiopia-Djibouti Railway, also known as the Addis Ababa-Djibouti Railway-touted as the first modern electrified standard-gauge railway line in Africa.