Tax Exemptions

China announced on April 26 to extend tax exemptions by an additional four years to further improve the inclusive finance service for smaller businesses.

The tax exemptions, which expired at the end of last year, will be extended to December 31, 2023, according to a statement jointly issued by the Ministry of Finance and State Taxation Administration.

In order to boost policy support and encourage financial institutions to step up financial services, Chinese authorities decided in 2017 that financial institutions will be exempt from value-added taxes (VAT) on

held on April 26 on the Pinduoduo, raking a total of 350,000 views and more than 6 billion interactions.

“Tourist live-streaming can help the digitalization of the sector,” said Jing Ming, a director with the Pinduoduo, noting that the trend will further optimize local industrial structure while leveraging the advantages of e-commerce.

Digitalization, together with capital, knowledge, innovation and other factors, is activating traditional culture and tourism resources, which forms new engines of the industry, Dai Bin, head of the China Tourism Academy, said. performance reports and 344 reported higher profits, beating market expectations, the newspaper said, citing data from financial information provider Wind Info.

While the epidemic put a damper on industries such as entertainment, auto parts and real estate, companies in the sectors of chemical products, computer applications, medical devices and food processing mostly gained because of the increasing orders.

Some burgeoning sectors, like online education, are expected to see a boom in the long term as they gained wide popularity when people were stranded at home to stem the spread of the virus.

As the epidemic is gradually contained in the country, the operation of most listed companies will be back to pre-outbreak levels, Fu Lichun, an analyst with Northeast Securities said, adding that companies related to new infrastructure and online services will have a positive outlook.