Industrial development depends hugely on global economic integration, said Chen.
Individual income tax decreased by 29.7 percent, the largest drop among three major tax items. Value-added tax growth has already slowed to 10.7 percent, down from 20.1 percent a year earlier.
Independent insurance protecting against the cost of major disease will be further fine-tuned to benefit as many patients struggling against poverty as possible, Zeng said.
In this year's GMIC, young firms and entrepreneurs will become a new focus as emerging young power has geared up as a new force in the technology and internet sector.
Industry consolidates its commitment to new energy at congress
In this process, Chinese tourists' "explosive buying" overseas has become a typical phenomenon showing the domestic market is unable to full satisfy people's demand for high quality goods and services. And taking active measures to expand the import of high quality goods and services will effectively meet the people's high demand for high quality life, Zhang added.
淮北肛门疙瘩痒
Industry insiders anticipate a higher growth rate for the SUV segment because as many as 85 percent of potential car buyers are looking at SUV models. They think the sales volume of SUVs could overtake the combined total of sedans and hatchbacks, and they believe it will highly likely happen in the next couple of years.
Industry insiders said speech recognition technology plays a vital role in boosting the development of artificial intelligence-enabled TV sets, and the competition will be fiercer with technological advancements and innovation.
Infrastructure construction has gathered pace across China as the government ramped up funding to spur investment in the sector following basic containment of the epidemic.
Information is flowing from all over the world every minute, and it's difficult to handle all it, said Cherkesova. Under this condition, priorities go to newspaper, magazines, internet publication, through which people obtain required and reliable information. During the COVID-19 pandemic, the reliability of information is especially important.