News Snapshot:
5 billion yuan (about 50.2 billion yuan in the first half of April, benefiting 527,000 taxpayers, according to the State Taxation Administration.Fuelled by the policy incentives, China's manufacturing sector sustained steady growth in the first quarter despite the impact of the epidemic, as the output of the manufacturing sector grew 6."The long-term fundamentals of China's industrial economy remain unchanged and the overall economic recovery remains stable," Luo said, vowing to take a forward-looking approach and make full use of cross-cyclical adjustments to offset the impact of the epidemic. Meanwhile, the country is set to issue value-added tax (VAT) credit refunds...
