日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Proactive fiscal policy to ease economic downward pressure

By Chen Jia | chinadaily.com.cn | Updated: 2018-09-28 19:27
Share
Share - WeChat

China will push forward proactive fiscal policy, especially in the form of further tax cuts, and strengthen government expenditure to ease economic downward pressure amid Sino-American trade tensions, Finance Minister Liu Kun told China Daily in an interview on Thursday.

The proactive policy stance, however, does not mean massive economic stimulus, he reiterated.

"We are studying measures to further cut taxes and reduce fees, aiming to ease the burden in the corporate sector," Liu said. "The special deduction plan for personal income tax is also being researched, to increase residents' income and boost consumption."

The total tax cut this year is expected to exceed 1.3 trillion yuan, higher than the 1.1 trillion yuan tax cut target set at the beginning of this year, according to the minister.

Stronger government expenditure, in the meantime, will support key construction projects and improve people's livelihoods, although the fiscal income is likely to slowdown in the second half of this year, Liu said.

To better use the government's money, or make its expenditure more efficient on some key areas, the country aims to build a comprehensive budget performance management system in three to five years to monitor revenues and expenditures of governments at all levels, according to a regulation document released by the Central Committee of the Communist Party of China and the State Council on Tuesday.

The regulation will apply to budgets for general public finance, government managed funds, state capital operations and social insurance funds. All the major policies, investment and financing projects will be evaluated during the process.

“The Finance Ministry will coordinate with other government departments to implement the regulation,” Liu said.

According to data from the Finance Ministry, as of Sept 26, newly-issued general local government bonds have fulfilled 91.8 percent of the annual quota, and 85 percent for the special-purpose local government bonds.

So far this year, the central government has spent 409.4 billion yuan on infrastructure construction, accounting for 94.2 percent of the annual budget. The projects focus on infrastructure of innovation and ecological environmental protection.

Talking about the rising trade tensions between China and the United States, the minister said, "We have taken targeted counter measures, in compliance with WTO rules, to protect free trade and the multilateral mechanism."

For companies that have been influenced amid the trade tensions, the Financial Ministry has issued supportive measures, including those to coordinate and solve problems related to their exports, and support staff retraining and internal personnel transfer to ease unemployment pressure.

This year, the US has already imposed additional tariffs on $250 billion worth of Chinese goods and threatened to sharply escalate the trade friction, with levies on a further $267 billion of Chinese products.

"What the US has done has harmed the interest of Chinese companies and foreign companies in China. It has also led to distortions in the world economy, as well as shaken the globe confidence on economic development outlook," Liu said.

"China's macroeconomic indicators, however, remain stable at the moment, with GDP growth rate in the range of 6.7-6.9 percent for 12 quarters running. I believe Chinese companies and foreign companies in China are able to survive this, achieve better development," he added.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产精品无码永久免费888 | 日本黄色大片免费看 | 国产目拍亚洲精品99久久精品 | 91久久国产露脸精品免费 | 久草视频免费看 | 天天影视插插插 | 亚洲午夜免费视频 | 日本一区二区精品视频 | 国产精品永久免费视频观看 | 久久久无码精品成人A片小说 | 久久久久久久av | 一级做a | 欧美另类色图 | 一区二区三区精品视频 | 91高清在线观看 | 欧美男人天堂 | 国产成人区 | 日本不卡不码高清免费 | 精品女同一区二区三区免费播放 | 一级毛片播放 | 午夜免费电影院 | 亚洲天堂三级 | 日本高清在线观看视频www | 成人无码T髙潮喷水A片小说 | 毛片毛片毛片毛片毛片 | 一级毛片视频免费 | 久久狠狠 | 国产精品久久久久久久久久久新郎 | 91精品国产露脸在线 | 99热热99| 久久久久国产精品人 | 91视频网国产 | 日本高清在线中文字幕网 | 欧美理伦 | 看片国产 | 免费的污污网站 | 日本三级视频 | 性做爰片免费视频毛片中文ILO | 国产精品视频久久 | 国产福利高清在线视频 | 夜夜夜操操操 |