High Lights

• 　　Finance Minister Lou Jiwei: "replacing business tax with VAT" reform is an important step forward in China's structural reform
• 　　Finance Minister Lou Jiwei and Governor Zhou Xiaochuan co-chaired the G20 Finance Ministers and Central Bank Governors Meeting in Washington, D.C.
• 　　MOF published a circular on the computation of deed tax, real estate tax, land VAT and personal income tax after the VAT reform
• 　　The State Council published the Priority Tasks for Deepening the Reform of Medical and Health System in 2016
• 　　China's GDP in Q1 of 2016 rose by 6.7% year on year
• 　　"three public expenses" in 2015 and the budget arrangement in 2016