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Amazon’s biggest retail competitor, Walmart, is also pursuing sustainability objectives. By 2025, Walmart plans to power half of its operations with renewable energy. It has already reached 28 percent.
Among the key incentives is that companies would enjoy tax free export on agricultural products. Those that bring into the country machinery that is geared towards adding value to agriculture would not pay tax on the equipment imported.
Ambitious economic reforms enacted in China have prioritized the opening-up of the nation's economy to foreign investors.
Among the quota, 558 billion yuan is for local governments' general bonds, and 1.29 trillion yuan is for special bonds - a type of debt instrument to raise funds for infrastructure construction projects, according to the Ministry of Finance.
Americans for Prosperity President Tim Phillips added that there are better ways to negotiate trade deals than by "punishing American consumers and businesses with higher costs."
