Policies improve people's livelihoods in 2020

-- Stabilizing foreign trade, investment

In April, the State Council decided to set up 46 new, comprehensive cross-border e-commerce pilot zones, bringing the total number to 105.

In addition to applying the practices proven effective in boosting the flow of commerce, firms in these zones enjoy such supportive policies as the exemption of value-added and consumption taxes on retail exports, and assessed levies of the corporate income tax.

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