Business
China's plan to transform Hainan into a free trade port is expected to spur local consumption and enhance competitiveness of duty-free products, while greatly stimulating tourism and aviation industry on the island.
China's 2.5 trillion yuan ($351.2 billion) tax relief plan for this year will help ease financial strains and accelerate production recovery of enterprises with key measures like further cuts in the value-added tax rates and social security contributions, experts said on Monday.
The number of stimulus policies introduced by regulators over the past weekend, which aim at injecting more vitality into the Chinese capital market, had an immediate effect on Monday with the benchmark indexes posting impressive gains.
STOCK INDICES
Shanghai Composite 2789.25 3.40% 16/03
Shenzhen Composite 10253.28 5.34% 16/03
Hang Seng 23063.57 4.03% 16/03
Nikkei Average 17002.04 2.46% 16/03
Dow Jones 20188.52 12.93% 16/03
Nasdaq 6,904.59 12.32% 16/03

 

China is eyeing "new infrastructure" projects to offset the economic impact of the novel coronavirus disease (COVID-19) and boost sustainable growth.
Online orders for non-epidemic prevention products have been on the rise in China as novel coronavirus epidemic levels off.
The coronavirus outbreak is unlikely to shatter China's role in the international supply chain in an increasingly interconnected world economy as the country continues to make headway in containing the virus.
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