China has seen some progress in reducing the amount of electrolytic aluminum capacity, since last year.

Around 1999, the Chinese government, facing a complex and serious economic situation, implemented successful macroeconomic control and market-oriented reform.

The GDP of the service industry and its contribution to economic growth was greater than that of secondary industries, in 2013.

Since 2013, China's economy has maintained 7 - 8-percent growth, as a result of stable development policies, political guidance and financial supports.

After the taxation system reform in 1994, China has basically established a taxation framework suitable to socialist market economy and a mechanism characterized by a steady growth of tax revenues.

In the first quarter of 2004, the market maintained a strong demand and price index stayed at a high and stable level. Currently, the soaring grain price and CPI are generally considered beneficial and manageable.

This report suggests that the speeding-up of depreciation can be used as the main method to cut tax burdens by enlarging applications and shortening the years of low depreciation.