James Zimmerman, chairman of the American Chamber of Commerce in China, shares his views in the wake of Premier Li Keqiang's work report.
The threshold of the personal income tax should be raised from 3,500 yuan ($557) to 5,000 yuan or above to offset the rising living cost, a national legislator said.
During last year's "two sessions", smog, personal income tax, families that lost their only child, medical services, education, real estate were the main topics in the motions or proposals sent by national legislators or political advisers.
Diplomats and counselor share their views on the government's fight against corruption, slowdown in economy and the Silk Road project.
China's economy steps into the "new normal" phase, as it is growing in a manageable and relatively balanced manner.
The 12th National People's Congress (NPC), China's national legislature, opened its third annual session Thursday morning at the Great Hall of the People in Beijing.
Misunderstandings have arisen from US opposition to a Chinese draft law asking US corporations to disclose their security-related data, a spokeswoman for the annual session of China's top legislature said on Wednesday.
As the number of graduates continues to rise, many are opting to start their own companies. However, fierce competition and scant experience is making life hard for budding businesspeople.