State Council decides to further cut taxes
The State Council executive meeting, presided over by Premier Li Keqiang on April 19, unveiled new tax cut measures, spurring economic dynamism and competitiveness.
In addition to the 200 billion yuan in tax cuts during the first quarter of 2017, the governing body decided to simplify the structure of VAT reform, expand tax cut incentives for small enterprises with limited profits, and increase the proportion of pre-tax deductions for innovation-based tech firms.
Details: >> China to take more tax cut measures
State Council passes draft law on public libraries
The State Council, which held an executive meeting on April 19, passed the draft of the Public Library Act, which clarified the government’s responsibility in building public libraries while encouraging social capital to participate. It stated the management, services and digital resources of public resources, as well as integrated development of online and offline platforms.
The draft will be submitted to the Standing Committee of the National People’s Congress for discussion.
Details: >> China drafts law on public libraries
State Council boosts employment and entrepreneurship
The State Council also issued a circular on April 19, to promote employment and entrepreneurship.
As stated on the document, employment, a vital necessity to the livelihood of 1.3 billion people across China, is essential to economic development.
In order to boost labor and entrepreneurship, the document stated the State Council planned on implementing a strategy which placed employment as top priority. It supported a new employment pattern, promoted entrepreneurship which could also boost work in the nation, and supported strengthening education and training for employment and entrepreneurship.
State Council to reform mineral resource equity benefit system
At the State Council’s executive meeting, the governing body also issued a circular on April 20, to reform the country’s mineral resource equity benefit system. Representatives of the group aimed to safeguard a range of national mineral interests and create a fair mineral market.
The circular put forward a series of policy measures, reforming the mineral resource equity benefit system. It also called for coordination among relevant government departments.
Combining maternity insurance and basic medical insurance in the workplace
The Ministry of Human Resources and Social Security has come together with the Ministry of Finance and the National Health and Family Planning Commission to issue a circular on implementing pilots on combining maternity insurance and basic medical insurance for employees. The pilot will be carried out in 12 cities, including Handan in Hebei province, Jinzhong in Shanxi province and Shenyang in Liaoning province. The pilot cities will be required to introduce an implementation plan by the end of June, 2017.
Measures to enhance the image of China’s logistics industry
The General Administration of Quality Supervision, Inspection and Quarantine, has joined 11 other ministries including the National Development and Reform Commission and the Ministry of Transport, to jointly introduce guidelines on improving the quality of logistics services in China. The principle has highlighted and put forward key tasks, such as enhancing an enterprises’ awareness on service quality, building a quality indicator system and improving service quality standards to promote the industry’s transformation and healthy development.
By 2020, a modern quality governance and promotion system for logistic services will be built, featuring orderly, quality and efficient operations.
Interim measures on sharing and managing government information resources
The Ministry of Human Resources and Social Security has introduced interim measures, strengthening the management of its government information resources. It will also promote the sharing of government information between the ministry and other departments, and improve the usage of such information.
Two million public rental houses to be allocated in 2017
Representatives of the Ministry of Housing and Urban-Rural Development have set a target of allocating two million public rental houses by the end of 2017. To achieve the target, representatives of the Ministry have asked local government to take effective measures in accelerating the construction and allocation of such houses.
Establishing a system on checking economic conditions of families receiving social assistance
A plenary meeting of the joint inter-ministerial conference, detailing social assistance, was held on April 17. Discussions urged local governments to standardize and improve service platforms of grass-roots social assistance, and establish a system on checking economic conditions of families receiving social assistance. Huang Shuxian, minister of civil affairs, stressed the role of the joint inter-ministerial conference at the meeting.