The annual taxable revenue threshold for businesses will be raised from previous 300,000 yuan ($43,895) to 500,000 yuan from July 1.
THE SHANDONG HIGH PEOPLE'S COURT commuted the life sentence of Yu Huan, a 22-year-old man, who stabbed and killed a debt collector who was threatening his mother after she failed to repay a loan, to five years in prison. Beijing News commented on Saturday:
ACCORDING TO REPORTS, more than 45,000 Chinese apps, of which over 15,500 were games, were removed from the Apple App Store from June 13 to June 22, as part of a cleanup to prevent hot patching, which enables software developers to bypass Apple's vetting process to update users' apps, offering the possibility for hackers to embed malicious code. Beijing News commented on Friday:
As the United Kingdom marked the first anniversary of the electorate's decision to quit the European Union on Friday, voters on both sides of the debate are still none the wiser about the shape of their post-Brexit future.
US index provider MSCI's decision on Tuesday to include the Chinese mainland's stocks in its widely tracked MSCI Emerging Markets Index and All Country World Index in June 2018 could create a windfall of tens of billions of US dollars from asset managers, pension funds and insurers for the mainland's equity markets over the next decade, according to analysts. The MSCI's decision will also help China open up its capital market, though the road to the internationalization of China's A-share market is still not as smooth.
Scientists watching a major rift in the Antarctica, which has grown in the past few years, say it will soon cause a section of the ice shelf to break off and "collapse" into the ocean. The ice sheet that could break off from the West Antarctica, known as Larsen C, is the size of the US state of Delaware, or about 5,000 square kilometers.
Modern Britain, particularly London, has always prided itself on multiculturalism, something that was never more evident when people of all faiths, backgrounds and cultures came together to stand united in the face of four bloody attacks, three by Islamic extremists and the last one, just last week, by a troubled white man.
The Korean Peninsula, the South China Sea, terrorism, military-to-military cooperation ... the list goes on.
When meeting a delegation of business leaders from the United States in Beijing on Tuesday, Premier Li Keqiang said China will gradually expand its market access and further optimize its business environment to raise the competitiveness of the country's economy.
A CELEBRITY "DOCTOR", who promotes "medicinal products" in TV advertisements by claiming they are able to cure many chronic diseases, has been exposed by People's Daily as being a performer rather than a medical professional. Ifeng.com comments:
A MAN WAS RECENTLY found guilty of running a website that helped online shops falsify the number of transactions they made in order to fool people into believing they were trusted by consumers. That is the first time someone has been punished for this kind of crime in China. Beijing News comments:
CHINA'S WORKING AGE population, namely people aged between 15 and 59, reached its peak in 2010, said Cai Fang, vice-president of the Chinese Academy of Social Sciences in a recent speech. Beijing News commented on Thursday:
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