国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China's structural reform clears way for tax cuts: CICC

Source: Xinhua| 2018-03-07 15:19:26|Editor: pengying
Video PlayerClose

BEIJING, March 7 (Xinhua) -- China's new round of structural reform should generate tax breaks and reduced fees, according to a report from the China International Capital Corporation(CICC).

The Beijing-based investment bank said that the reform would enable the government to cut spending by streamlining administration and improving efficiency.

"This allows the government to cut taxes and administrative fees without raising the deficit ratio, thereby invigorating the market and improving the quality of economic development," said the report.

The government has proposed a reduction of over 1.1 trillion yuan in 2018, exceeding the 2017 figure, cutting taxes on businesses and individuals by more than 800 billion yuan (about 126 billion U.S. dollars) while lightening the non-tax burden on market entities by over 300 billion yuan.

The fiscal deficit target has been lowered by 0.4 percentage points to 2.6 percent of GDP for 2018.

"The lower budget deficit ratio is in line with China's move from high-speed growth to high-quality development and will help stabilize the macro leverage ratio," said the CICC report.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001370221451
主站蜘蛛池模板: 北票市| 镇宁| 黑水县| 信宜市| 噶尔县| 岐山县| 通州市| 大邑县| 兰州市| 绥滨县| 张家口市| 固始县| 尼勒克县| 黎城县| 河北区| 高碑店市| 突泉县| 鸡东县| 大厂| 汽车| 沙湾县| 广水市| 蚌埠市| 赤峰市| 手游| 通江县| 新郑市| 葵青区| 周口市| 固原市| 茌平县| 商洛市| 吴江市| 衡东县| 连南| 葫芦岛市| 龙山县| 大港区| 翁牛特旗| 柘城县| 高台县|