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The Beijing Hour

20th anniversary of devastating Indian Ocean tsunami commemorated

Dec 26, 2024
Sun Ye, an expert on China's space program, discusses the impressive achievements and ambitious plans for the future of China's space exploration. Among the highlights are insights into China's lunar ambitions and the success of the 2024 space program. The conversation also touches on recent legislative amendments aimed at enhancing public accountability and environmental safety, as well as the cultural exchanges between China and Japan, reflecting a spirit of cooperation in the region.
59:45

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Chinese President Xi Jinping has implemented three new laws aimed at enhancing taxation, supervision, and the promotion of science and technology.
  • Indonesia commemorated the 20th anniversary of the Indian Ocean tsunami, reflecting on the profound loss and the advancements in disaster preparedness since then.

Deep dives

New Legislative Developments in China

Chinese President Xi Jinping has enacted three new laws targeting value-added tax (VAT), supervision, and the popularization of science and technology following a recent legislative session. The VAT law, to take effect on January 1, 2026, marks a significant move towards law-based taxation, formalizing 14 out of 18 tax categories and enhancing revenue transparency. This law also allows for tax exemptions and deductions to promote the growth of specific sectors, ultimately aiming for high-quality development in the economy. Additionally, amendments to the supervision law enhance anti-corruption efforts and improve international cooperation, while the revised science and technology law focuses on societal responsibilities in scientific outreach and innovation.

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