The cuts will be implemented over the next 18 months.
The country's growing economic dynamism will also be an important stabilizing factor, he said. China's research and development spending ranks second in the world, accounting for around 2.18 percent of its GDP.
The country's major oil and gas behemoths have been speeding up drilling and exploration to boost domestic output. The major companies involved include China National Petroleum Corp, or CNPC, the nation's largest oil and gas producer by domestic annual output, and China Petroleum and Chemical Corp, or Sinopec, the world's largest refiner by volume.
The court said Zhang's actions had seriously affected the local economy and had a negative social impact in the province and the whole country. It added that he has yet to return about 300 million yuan in illicit assets.
The deal entails the regulation of aviation services between the two countries and gives the right for aviation companies to operate 21 flights per week for passengers and air freight instead of 7 flights per week, Misto added.
The coverage of the prickly ash plants reached 533 hectares in the town. Under Qin's leadership, four major planting villages built five pepper drying rooms to process and scale up the business, Wang said.
中山上大号时出血
The data showed that at the end of 2016, 4.9 percent of Chinese villages had started to tap their tourism potential, up 2.7 percentage points from 2006, and 51,000 rural businesses sold their farm produce through e-commerce platforms.
The court delivered a lenient penalty to Zhang considering he confessed after being taken to custody and pleaded guilty, and that all the illegal gains have been collected, it said.
The crush of people crossing into the US in search of a better life has overwhelmed immigration facilities.
The country's oldest airline, founded in 1948, carried out reforms in 2015, expanding its regional and foreign destinations in a bid to keep up with international airlines flying between international airports of Myanmar.