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 / Finance

China's fiscal revenue jumps 10.7% in 2021 on stronger economic recovery

Xinhua | Updated: 2022-01-26 15:05
Share
Share - WeChat
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. [Photo/IC]

BEIJING - China's fiscal revenue rose 10.7 percent year-on-year to hit 20.25 trillion yuan ($3.19 trillion) in 2021, Xu Hongcai, vice-minister of finance, said Tuesday.

The fiscal revenue in 2021 nearly doubled from the 2012 figure of 11.73 trillion yuan, Xu said at a press conference.

The central government collected about 9.15 trillion yuan in revenue, up 10.5 percent year-on-year, while local governments saw revenue up 10.9 percent to 11.1 trillion yuan.

"The recovery of economic growth and higher producer prices helped drive up fiscal revenues of central and local governments," Xu said.

China's GDP expanded 8.1 percent year-on-year in 2021, surpassing the government's target.

"The steady growth of GDP has laid a sound foundation for the growth of the country's fiscal revenue," Xu said.

Buoyed by rising commodity prices, upstream enterprises reported significant revenue and profit increases last year, driving the growth of fiscal revenue, he said.

In the first 11 months of last year, the total profits of major industrial enterprises surged 38 percent from a year earlier.

However, the fiscal revenue growth averaged 3.1 percent over the past two years, lower than the country's average GDP growth of 5.1 percent for the two-year period. The share of fiscal revenue in GDP kept falling during the period, which indicated fiscal support for economic and social development remained under relatively high pressure, Xu warned.

The country's fiscal spending edged up 0.3 percent year-on-year to 24.63 trillion yuan in 2021.

Tax, fee cuts

China will take stronger measures to cut fees and taxes to support market entities this year with a combination of fiscal incentives, Xu said.

The measures will be more precise and sustainable to meet the needs of market entities, he said.

Incentives will be given to support the high-quality development of the manufacturing sector, such as tax deductions for research and development expenses of enterprises to aid technological advancement, Xu said.

The country will also extend the tax and fee cuts due at the end of 2021 for small, micro and individual businesses to further ease their operating pressure.

The central government will step up transfer payments to local governments to ensure sufficient funds for local tax and fee cuts, Xu said.

On the basis of 7.6 trillion yuan of tax and fee cuts over the 13th Five-Year Plan period (2016-2020), China cut another 1 trillion yuan in taxes and fees in 2021, which helped mitigate the impact of COVID-19 on market entities.

Xu said the country will set appropriate deficit and debt targets, guard against risks and enhance coordination between fiscal policies and monetary, employment, industrial, investment, consumption and regional policies.

China will continue implementing proactive fiscal policies and prudent monetary policies for steady economic progress in 2022, according to the annual Central Economic Work Conference held in December.

China will work to improve the effectiveness of its fiscal policies, enhance financial transfer payments, make good use of local government bonds, and strictly control government spending this year, Xu said.

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: 欧美日韩亚洲国产 | 国产欧美日韩精品一区 | 亚洲精品不卡 | 福利视频在线免费观看 | 艹逼网| 成人三区 | 亚洲一区二区欧美日韩 | 亚洲欧美影视 | 亚洲日本高清成人aⅴ片 | 日本黄色不卡视频 | a级欧美片免费观看 | 国产瑟瑟视频 | 国产精品三级久久久久久电影 | 国产亚洲一级精品久久 | 很黄很色的小视频在线网站 | 福利视频二区 | 天堂中文资源在线8 | 亚洲成在人线中文字幕 | 欧美成视频无需播放器 | 国产精品美女久久久久久久久久久 | 91综合网| 成人永久在线 | 小明台湾www永久视频 | 久草网址 | 国产精品爱啪在线线免费观看 | av网站在线看 | 片一级片在线观看 | 黄页成人免费网站 | 国产精品无码人妻系列AV | 国产美女在线精品观看 | 99热热热| 丁香婷婷久久 | 亚卅毛片 | 日韩精品av一区二区三区 | 欧美91精品国产自产 | 亚洲经典激情春色另类 | 亚洲日韩中文字幕一区 | 521色香蕉网站在线观看 | 久久一本| 伦一区二区三区中文字幕v亚洲 | 国产精品爱久久久久久久 |