China has halved the stamp duty on stock transactions to boost the confidence of capital market investors, according to a notice issued by the Ministry of Finance and the State Taxation Administration in August.
根据财政部和国家税务总局8月发布的一份通知，中国已将股票交易印花税减半，以提振资本市场投资者的信心。
"The very construction of the modules adopts integrated construction solutions, which is the first in the world in the LNG modular parts building sector," said Zhuang Hongchang, the project manager with COOEC, a unit of the State-owned oil giant China National Offshore Oil Corp. COOEC leveraged improved modular integration techniques, which help halve the on-site installation workload, shorten the construction period and save on costs, Zhuang said.
国有石油巨头中国海洋石油总公司旗下COOEC的项目经理庄宏昌表示：“模块的建造采用了集成的施工解决方案，这在液化天然气模块化部件建造领域是世界上第一个。”COOEC利用改进的模块化集成技术，将现场安装工作量减半，缩短施工周期，节省成本，庄说。
In the food sector, categories with perceived health benefits, such as nutrient supplement-related ones, have led and will continue to champion the growth in China, said Derek Deng, a partner at Bain& Co. A dietary guideline issued by the State Council pointed out that the Chinese are encouraged to halve animal-based protein input by 2030 to improve health levels and reduce environmental pressure.
Hong Kong-listed CAR Inc, which used to employ Liu Jian and has the same chairman of the board as Luckin, saw its share price more than halved on Friday.
On top of donations, CapitaLand said it will waive rent and management fees for all of its malls in Wuhan, the epicenter of the outbreak from Jan 25 to Feb 13, and will halve those charges for malls outside Wuhan from Jan 25 to Feb 9.
As a result, Chinese shipyards maintained their leading position by taking away the lion's share of the business in a sign of the strength of the country's shipbuilders despite global consolidation in the industry as new orders halved in the first eight months of the year, analysts said.
While EBay long resisted growing its logistics footprint, Amazon raised the stakes further this April, announcing it would halve delivery times to one day via its loyalty club Prime, a service that costs US members $119 per year.
This new route will halve the time required to reach the Southeast Asian city.
me are joining forces to halve prices on select menus across over two million merchants on Dec 12, a campaign coined by Alibaba five years ago to promote the use of mobile payment in dining, entertainment and other hospitalities.
Likewise, shares of Chinese online car retailer Yixin Group have more than halved compared with its stock market debut at HK$7.70 in November, despite a hefty 32 percent surge on its first trading day.
The Ukrainian government has set a target to halve the number of fatalities in traffic accidents by 2020.
Mattel－which more than halved its dividend to fund the new efforts－said its emphasis on e-commerce and repackaging its core brands as educational toys and connecting them to the internet would boost its standing in the fragmented market.
In October, the WTO more than halved last year's global commodity trade forecast to 0.8 percent, compared to 1.7 percent estimated in April, but maintained its 3.3 percent growth forecast for 2024.
Meanwhile, the WTO halved its growth forecast for global goods trade this year to 0.8 percent, compared with its April estimate of 1.7 percent.
In 2019, before the COVID-19 pandemic, FMCG reported a robust annual growth rate of over 5 percent in China but this more than halved from 2020 to 2022 as consumers reduced spending on social and beauty occasions.
The tax on NEVs purchased in 2026 and 2027 will be halved, and each passenger vehicle bought will receive up to 15,000 yuan of tax exemption, the statement said.
Automobile purchases are one of the most important consumption categories, but the vehicle industry has already enjoyed a lot of demand due to the halved purchase taxes.
In addition, from June 1, the government has halved car purchase taxes for passenger vehicles that cost less than 300,000 yuan each and have engine capacities of two liters or lower.
That is, the expected growth rate was further cut from being halved from last year's figure to only one-third of that.
The government has halved the car-purchase tax for passenger vehicles with 2-liter engines or smaller and priced at no more than 300,000 yuan effective from June 1 to the end of the year.
Beijing decided to halve the vehicle purchase tax for passenger cars with a VAT-exclusive price of no more than 300,000 yuan ($44,827.6) and an engine of 2.0 liters or less that are purchased between June 1 and Dec 31 this year to revive the bulk consumption.
She halved her purchases of chocolate stocks and depended on several logistics service providers－in case one got disrupted by the pandemic chaos, others would be her backup.
Meanwhile, the Ministry of Finance and the State Taxation Administration announced on Tuesday that purchase taxes on passenger vehicles priced no more than 300,000 yuan and with no bigger than 2-liter engines, and bought between June 1 and Dec 31, will be halved.
Corporate income tax on annual taxable income of between 1 million yuan ($158,166) and 3 million yuan will be halved once again for micro and small enterprises.
Li announced a new package of tax refunds and cuts totaling 2.5 trillion yuan this year, including a temporary exemption on value-added tax payments to small taxpayers and a measure to halve the corporate income tax for micro and small businesses with an annual taxable income of 1 million to 3 million yuan.
The premier announced a new package of tax refunds and cuts totaling 2.5 trillion yuan this year to support enterprises, including a temporary exemption on value-added tax payments to small taxpayers and an additional measure to halve the cooperate income tax for micro and small businesses with an annual taxable income of 1 million to 3 million yuan.
But this does not necessarily mean that the number will be halved over the next 10 years.
The most-traded thermal coal contract on the Zhengzhou Commodity Exchange closed down over 3 percent at 817.8 yuan ($128) a ton on Tuesday, which has more than halved from the record high of 1,982 yuan on Oct 19.
Time spent from Hangzhou to Taizhou by railway will be nearly halved from two hours to one, according to CCTV News.
On the basis of preferential policies already in force, the government will halve the income tax of micro and small enterprises and self-employed individuals on annual taxable income below 1 million yuan.
Hang Yingwei, head of the Pudong New Area government, said the area has created a highway for working visa application procedures allowing foreigners to have their application materials halved and approval processing times cut from 12 working days to five days.
The average flight ticket prices on Qunar in February also halved compared with the Spring Festival period, according to the report.
China's reliance on coal for heating in buildings has halved in the past five years while the government rolled out a series of initiatives to subsidize electric heating, according to data from IEA.
Located southeast of Beijing, Langfang has seen home prices fall significantly, with many being halved from the peak of 2017.
Due to the impact of COVID-19 outbreaks, weak market expectations and tepid demand, Chinese real estate developers' sales revenues were more than halved in the first six months.
While the global order book on hand was nearly halved in volume in 2020 from 2014, many Chinese shipbuilding enterprises experienced a shrinkage in orders the past two years, reaching their lowest level since 2008, CANSI said.
He also believed hydrogen metallurgy is an important technology in promoting low-carbon practices in steel and iron manufacturing, especially as the cost of hydrogen is hoped to be halved in the future.
This has helped halve ticket prices or pushed them even lower, which is expected to stimulate consumption and reduce park operators' costs.
Gong said the city has sold only 150,000 kilograms of baby lobsters so far, only half of the amount in the same period last year at halved price.
"Our research and analysis suggested that the top 100 property developers will see halved trading of home space in the month of the Lunar New Year from the previous month," said Zhang Jian, chief analyst with the big data research institute under the Shenzhen Fangdd Network Technology Co Ltd, the nation's largest online property trading service platform.
More than 24 percent forecast the trade volume in February will be more than halved compared to the same period in 2019.
Stores like pharmacies don't usually keep a bulk inventory of masks because they are hardly a daily necessity for most consumers, a situation worsened by the halved output during the Spring Festival period, causing masks to be snapped up under sky-high demand, said the China Consumers Association and the China Textile Commerce Association.
The city had about 3,050 real estate intermediaries in 2016, but the figure shrank to 2,500 in 2017 and nearly halved to 1,400 in 2018.
"The port handles the passage of six trains per day, with the average stay time for each train at the port halved to 22 hours," said Zhao Qiang, a Horgos port customs clerk.
But it seems that its market has more than halved in one year's time, with a media report saying on Aug 3 that Didi Chuxing and Ant Financial offered to acquire Ofo for $1.4 billion.
The NEVs bought from Jan 1, 2024 through the end of 2025 will be exempt from purchase tax amounting to as much as 30,000 yuan ($4,172) per vehicle, while the tax on NEVs purchased between Jan 1, 2026 and Dec 31, 2027 will be halved, with the reduction to not exceed 15,000 yuan per car, the statement said.
The halved purchase tax, which was in place from June to December, was estimated to have increased passenger vehicle sales last year by at least 1.45 million units, according to the China Passenger Car Association.
China halved the purchase tax for eligible passenger vehicles last year, as part of a string of supportive measures to spur auto sales and underpin consumption.
The State Council has halved the purchase tax for the large majority of gasoline models since June 1.
In late May, China announced that it would halve the car purchase tax for passenger vehicles priced at no more than 300,000 yuan ($43,385) and with 2-liter engines or smaller.
China has halved the purchase tax of most gasoline vehicle models.
Financial stimuli measures rolled out by the State Council in June, including halved purchase tax for certain gasoline models, have played their roles, said Chen Shihua, a deputy secretary-general of the CAAM.
China in late May announced it would halve the car purchase tax for passenger vehicles priced at no more than 300,000 yuan (about $44,389 and with 2-liter engines or smaller. )
The government halved the car-purchase tax for passenger vehicles priced at no more than 300,000 yuan and with 2-liter engines or smaller, effective from June 1 to the end of the year.
Chen said it is due to a combination of factors, including the supply chain fully recovering in June as well as pent-up demand, favorable policies including a halved purchase tax.
Among other things, the State Council halved car purchase taxes in June for a majority of gasoline models available in the market.
Compared with financial stimuli like halved purchase taxes for certain gasoline models, he said, the ministries' most recent moves are aimed at long-term results.
Compared with financial stimuli like halved purchase taxes for certain gasoline models, he said, moves the ministries unveiled this time are aimed at long-term results.
China decided in late May to halve the car purchase tax for passenger vehicles priced at no more than 300,000 yuan and with 2-liter or smaller engines, which will last from June 1 to the end of the year.
The central government has halved purchase taxes for vehicles priced no more than 300,000 yuan ($44,850) and with engines no larger than 2.0 liters.
Their estimate is based on efforts to bring COVID-19 under control, and more important, the series of measures introduced by governments, including halved vehicle purchase tax, the issuance of additional license plates, and the "going to the countryside" campaign for new energy vehicles.
In 2009 and 2015, China introduced measures to halve the purchase tax on passenger vehicles with engines no bigger than 1.6 liters.
State authorities slash purchase tax for some models as manufacturers pile on bonusesChina's finance and taxation authorities announced last week to halve the purchase tax of eligible vehicles, which has in turn spurred many automakers to increase their incentives in a bid to attract customers.
According to the notice, the vehicle purchase tax is halved for passenger cars with an engine displacement within 2 liters that are purchased between June 1 and Dec 31 and whose single vehicle price, excluding value-added tax, does not exceed 300,000 yuan ($45,000).
If the purchase tax is halved for a 200,000 yuan vehicle, 8,850 yuan is saved.
China has rolled out a slew of measures from halved purchase taxes to extra license plates to invigorate the vehicle market that was affected by COVID-19 outbreaks earlier this year - and analysts expect the steps to increase passenger vehicle sales by around 2 million units this year.
China will halve the purchase tax for eligible passenger vehicles and ease restrictions to spur auto sales and underpin consumption, authorities said.
China rolled out similar measures in 2009 and 2015, which halved the purchase tax on passenger vehicles with engines no bigger than 1.6 liters.
Compared to its predecessor, the Apollo Moon models' production costs are halved but their performance is much better, said Baidu.
With improvements made in battery technology, software and quick-charge technology, Volvo said charging times are expected to be nearly halved by the middle of the next decade.
Ouyang, the Tsinghua professor, said they stand a chance against electric vehicles if they can halve the cost of fuel cell systems by 2030. International carmakers are joining the effort.
It bounced back to 10,000 units in March but halved to 5,000 units again in April.
According to the latest list of NEVs and small engine vehicles to enjoy vehicle and vessel tax cuts that the Ministry of Industry and Information Technology issued recently on its website, vehicle and vessel tax will be slashed completely for 444 types of NEVs and halved for 72 types of energy-saving vehicles.
As the central government halved subsidies for new energy vehicles this year, the promotion of car consumption depends more on local governments and enterprises.
Investment in the British car industry halved last year and surveys show consumers and businesses are more anxious about the economic outlook due to uncertainty about future trade with the European Union.
The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said.
The EU5, the company's first model to adopt this new system, has all-day battery technology, which enables the battery heat time to shrink from 80 minutes to six minutes at under 30 C. The company said the large power charging system will halve the charging time of the previous system.
The combined profit share of traditional businesses including suppliers business, vehicle sales and aftermarket would be almost halved from 71 percent to 41 percent, according to the report.
The large power charging system will halve the charging time of the previous system.
The halved vehicle and vessel tax will drive sales of cars with engines smaller than 1.6 liters as well, as the favorable purchase tax policy for them was revoked by the end of last year.
Hyundai Motor, South Korea's No1 carmaker, saw its first-quarter operating profit halve from a year earlier on weak demand from China and the United States, the world's top two automobile markets, a regulatory filing showed Thursday.
The purchase tax was halved to 5 percent of the car prices for buyers who purchase vehicles powered by an engine of 1.6-liter or smaller.
The tax discount, which stood at 50 percent when introduced in 2015, has been halved from January this year and will expire by the end of this month.
Analysts believe that Chinese brands, with their improving quality and rich SUV lineups, have won over customers who would otherwise purchase South Korean brands, whose market share in the same period almost halved to 3.8 percent.
To boost stagnant car sales, the authorities introduced a measure in late September 2015 to halve the tax rate for small cars, which expired on Dec 31, 2016.
It plans to halve its carbon emissions by 2030 compared to 2019.
Headsets and wrist sets are believed to halve the market with 51.6 percent and 46.6 percent respectively.
The market capitalization of central enterprises represented 50 percent of the entire A-share market in 2010, but by 2022, that share had almost halved and came in at 27 percent.
The Ministry of Finance said on Sunday the government will halve the stamp tax levied on securities trading starting Monday, and the China Securities Regulatory Commission's stated shortly thereafter that the pace of IPOs will be slowed temporarily while ex-ante communication about listed companies' large-scale refinancing plans will be strengthened.
China halved the stamp duty on stock transactions effective Monday to invigorate the capital market and boost investor confidence, the Ministry of Finance and the State Taxation Administration announced Sunday in a statement.
According to S&P Global Ratings, shadow banking activities, such as wealth management products that serve as loans, have nearly halved from the peak in 2020 to 3 trillion yuan, a figure that is absolutely large but still small relative to the nearly 400 trillion yuan of assets within China's banking system.
According to several statements jointly released by the Ministry of Finance and the State Taxation Administration on Wednesday, for MSMEs and self-employed individuals with an annual taxable income of less than 2 million yuan ($280,000), personal income tax can be halved.
This year, these deposits will mature, but with major banks lowering their deposit interest rates, our annual interest income will almost be halved.
For self-employed individuals under the same condition, their corresponding individual income tax payments will be halved.
For land used by logistics companies for bulk commodity storage, the land-use tax rate will be halved from 2023 to 2027.
Effective this month, the bourse has halved the commissions it charges for stock trading to 0.025 percent of transaction value.
The bourse also will halve the commissions it charges for stock trading to 0.025 percent of the transaction value from Dec 1 and is scheduled to launch technical tests of margin trading and short selling next month.
The purchase tax on automobiles dropped 30.5 percent year on year in the first eight months, as the government decided in late May to halve the car purchase tax for certain passenger vehicles.
For instance, the central government will halve the purchase tax levied on passenger vehicles priced at no more than 300,000 yuan and with 2.0-liter or smaller engines.
Effective from Friday, the transfer fees for stock trades on the Shanghai and Shenzhen exchanges were halved from 0.002 percent to 0.001 percent of stock trading turnover, according to the China Securities Depository and Clearing Co Ltd, the country's stock clearing agency.