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is now at a critical period of transforming its economic development model. As China's economic transition continues, it is necessary to continue to improve the central-local f... ves substantial room to further reform its fiscal and tax systems and optimize its fiscal structure. The author is a reporter with the Global Times. bizopinion@globaltimes.com....

In a recent interview with Nanfang Daily in Guangzhou, the provincial capital, he said Guangdong's rising population has helped the province develop its economy and upgrade local industries. The rapid rise in the population has been an important engine driving the local economy and helped Guangdong develop into an economic powerhouse in So...

Hunan province in Central China is abuzz with an influx of foreign tourists. At the ongoing third Hunan Tourism Development Conference held in Hengyang from Friday to Sunday, provincial officials hailed inbound tourism as a driving force for the local economy and pledged to spare no effort in promoting Hunan's rich cultural and tourism resources to...