Chinese stocks are up more than 1% today after the National People's Congress revealed growth targets and some government priorities but now we're getting some details. Chinese consumer stocks are laggards so far, up around 0.5% but we're getting some notable headlines from the state planner now:Will improve the local tax systemWill better leverage new policy-backed financial instruments and replenish the capital of major projectsWill move consumption tax collection for some items down towards producersWill adjust and optimize the scope and rate of consumption taxAgain, we're not getting details here but it looks like some real action. This article was written by Adam Button at investinglive.com.