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Past performance
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The Central People s Government of the[ ] (via Public) / More tax, fee cuts to support entities
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China will continue to ramp up tax and fee cut efforts to support market entities, employment and livelihood, as the nation saw steady fiscal revenue growth in the first nine months of this year, officials said on Friday.
Easing burdens on businesses through extensive tax and fee cuts while enhancing spending on key sectors, China s proactive fiscal policy has underpinned the ongoing economic recovery and will continue to play its role in reinforcing the balancing progress, analysts noted.
China s fiscal revenue saw a year-on-year increase of 21.8 percent to exceed 11.7 trillion yuan (about 1.8 trillion U.S. dollars) in the first half (H1) of 2021, showed data released Tuesday.
The relatively high growth was mainly driven by a low comparison base last year and rising domestic producer prices, which indicated China s firming economic recovery, according to finance ministry official Liu Jinyun.
Economic Watch: Proactive fiscal policy underpins economic recovery - Buz & Tech News
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