Major tasks for 2019: Government Work Report

3. Continue to pursue innovation-driven development and foster new growth drivers.

Key points:

--Speed up efforts to pursue Internet Plus initiatives in all industries and sectors.

-- Average broadband service rates for small and medium enterprises will be lowered by another 15 percent, and average rates for mobile internet services will be further cut by more than 20 percent.

-- Implement preferential tax policies such as raising the VAT threshold from 30,000 to 100,000 yuan in monthly sales for small-scale taxpayers.

-- Establish a science and technology innovation board that will pilot an IPO registration system.

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