untries can lead to the pooling of skills and expertise on tax collection. It can also strengthen natio
nal tax rules in areas such as withholding tax, transfer pricing and dispute resolution to ensure that fair am
ounts of taxes are collected, said Daniel Witt, president of the International Tax and Investment Center.
“BRI countries should be careful not to create barriers to investment, an
d the priority should be to look at practical solutions to remove complexities and co
mpliance burdens on tax administrations and taxpayers,” Witt added.
To serve the BRI, Liao Tizhong, director-general of the International Taxation Department, State
Taxation Administration, said China has expanded a tax treaty network to cover 95 countries and regions.
The number of foreign companies from BRI countries that invest in China and pay annual
taxes of more than 5 million yuan reached 1,205 in 2018. Their average revenue grow
inistry said. Governments at all levels are encouraged to establish public kindergartens,
aiming to get about 50 percent of all preschool children into public education by 2020, it said.
Communities, State-owned enterprises and public institutions
such as universities are also encouraged to establish their own kindergartens, it said.
Lyu Yugang, director of the ministry’s basic education department, said the cent
ral government will allocate 16.8 billion yuan to support preschool education.
Construction work has begun on the athletes’ village for the 2
021 Summer Universiade in Chengdu, located at Chengdu University.
Covering an area of around 37 hectares, the Universiade Village consists of eight specific buil
dings, including apartments for athletes, service center, health center, administrative affairs center, inter
national communication center, gymnasiums, aquatic center and the College of Chinese & ASEAN Arts.
In addition, construction is continuing on the tournament stadium, main gymnasium
and ball game gymnasiums. Major transportation projects, such as a new expressway, are also underway.
The 2021 Summer Universiade was officially awarded to
Chengdu, capital city of Sichuan Province, this March. The proposed dates for the tournament are August
He told China Daily his company’s priority is to attract more peo
ple, especially non-locals, to visit and boost sales, as local consumption has limited potent
ial. The company is eyeing more business opportunities based on word-of-mouth among visitors, Long said.
This “one-stop industrial tourism”, as Long calls it, has contrib
uted more than 60 percent in total sales since his company started to feel out the market in 2005.
Long witnessed the company transform from a State-owned enterprise to a market-orient
ed limited company at the turn of century. By streamlining internal bodies and lifting the proportion of em
ployees involved in production while promoting its products via culture and tourism, costs can be cut, according to Long.
Now, he added, the annual production value of the company has reached 10 million yuan ($1.5 million).
ched for 10 km, making it a memorable scene for a generation.
In October 2016, the bridge was closed for repairs after being open for almost 50 years. The 100,000 vehicles it carried each day far
exceeded its designed capacity of 8,000, causing many cracks to appear in the structure. It has been repaired 12 times since 2002.
Other problems it faced included falling mortar and metal fatigue.
The government decided to spend more than 1.1 billion yuan ($164 million) on the repairs.
The structure’s original concrete deck was replaced by a steel one, which is lighter and h
as greater durability. The replacement work was carried out above the 27,000-volt railway line. Any falling mater
ial, even a screw, would have caused a power failure and disrupted services on the busy Beijing-Shanghai Rail
way. Workers had to erect scaffolding and protective nets when no trains were passing.
The diameter of the lamp bases on the bridge were reduced by 5 ce
ntimeters, making the sidewalk wider and more convenient for pedestrians.
He also underlined the significance of a strong audience base in the fu
ture. “It’s about developing the audience for Chinese animated films – to create projec
ts that are more popular with broader appeal,” he said. “The most important thing is to tell a good story with i
nteresting characters, in a way that is fresh and new, different and exciting for the audience.”
Minkoff said the Chinese animation industry has grown vigorously over the past dec
ade. “I’ve seen improvements made in the quality of the animation, the production and the filmmaking.”
With the coming of the 5G era and virtual reality, he thinks it opens up new space for creativity and accessibility. “The changes in techno
logy are going to continue to improve and make it possible to make really interesting, different kinds of films, an
d put the tools of filmmaking and animation into more people’s hands, which I think would be very good,” the director said.
Besides the animated adaptation of Wolf Totem, Minkoff revealed to
China Daily he is working on a “secret” project inspired by Chinese culture. “The movie is bas
home soon after graduation totaled 519,400 in 2018, up 8 percent from the previous year, the ministry said.
A total of 5.86 million Chinese studied abroad from 1978 to the end of 2018. More than 4.32 million co
mpleted their studies, and more than 3.65 million returned to China soon after completing their studies, it said.
The return rate soon after graduation was around 80 percent last
year. In 1987, the return rate was about 5 percent, and in 2007 it stood at 30.6 percent.
Ran said more people are returning to China because they are finding it difficult to land job
s overseas, while at the same time the domestic employment market is becoming more appealing.
Chu Zhaohui, a researcher at the National Institute of Education Sciences, said finding a job in Chi
na has not been easy in recent years because of the rising number of students graduating from domestic universities.
uld not be viewed purely from the perspective of return on investment, because the experience can help students develop valuable, nonacademic skills.
China will continue to significantly relax market access, and create
a more attractive investment and business environment, Finance Minister Liu Kun has said.
Liu made the remarks when attending a ministerial-level luncheon durin
g the 99th Development Committee meeting held by the World Bank and the Inter
national Monetary Fund on April 12 and 13 in Washington, D.C., according to China’s Ministry of Finance.
Vice-Finance Minister Zou Jiayi attended a ministerial-level meeting and gave a speech.
The finance minister said that with international development and cooperation facing severe challenges, the World
Bank as the world’s most important multilateral development institution should adhere to the principle of mult
ilateralism, support all parties in jointly supporting the rules-based multilateral trade system, firmly follow the purpose of serving all member coun
tries, and adopt differentiated, targeted aid strategies based on their respective national conditions.