China's key land port sees surge in foreign trade in first ten months

Horgos Port, a major border junction linking China to Central Asia, handled over 38 million tons of goods in the first ten months of this year, marking a 10 percent year-on-year increase, according to the latest customs data.

Located on the border of northwest China's Xinjiang Uygur Autonomous Region, the port has played a pivotal role in the growing development of trade routes between China and Europe.

Data showed that from January to October this year, the main imported goods through the Horgos Port included electromechanical products, agricultural products, food items, and metal ores and sands. Exports mainly included new energy vehicles, electromechanical products, high-tech goods, textiles, and related products.

China's key land port sees surge in foreign trade in first ten months

China's small and micro-sized businesses enjoyed 946.1 billion yuan (131.4 billion U.S. dollars) of tax breaks from January to September, up 6.7 percent year on year, official data showed on Friday.

Such businesses are important in expanding employment, energizing the market, and improving people's livelihoods, said the State Taxation Administration.

China has synchronized taxation system reform with tax and fee cuts to ease the financial burden on businesses.

The total tax relief for small and micro-sized businesses exceeded 5 trillion yuan in the past five years, according to the administration.

China's small businesses enjoy more tax cuts in first nine months

China's small businesses enjoy more tax cuts in first nine months