Large-scale tax cuts underway: Ministry of Finance
A large-scale tax reduction and more positive financial policies are underway, said Liu Kun, Minister of Finance of China, in a recent interview with Xinhua News Agency.
A large-scale tax reduction and more positive financial policies are underway, according to Liu Kun, Minister of Finance of China. [Photo: IC]
According to Liu Kun, more positive financial policies are underway with focus on four aspects, including large-scale tax reduction for enterprises, strengthened development on weak links in society and economy, stimulating consumption, and spending more financial income on ordinary people.
According to Liu Kun, it is expected that taxes of 1.3 trillion yuan are to be reduced under the more positive policy. The 1.3 trillion yuan tax reduction can be realized by policies made at the beginning of 2018 and other economy development and technology creation measures.
Liu also said that China has the ability to overcome the shock and pressure caused by the trade war between the US and China. He said that China is not willing to have the trade war but has made measures to fight for the interest of the nation.
Your Comment
Name E-mailRelated News
-
-
Scenery of Ngari area in China's Tibet
The Ngari area has an average altitude of over 4,000 meters above sea level.
-
-
View of Mount Kangrinboqe in SW China's Tibet
A view of 6,656-meter-high Mount Kangrinboqe, main peak of the Gangdise Range, in Pulan County of Ali Prefecture, southwest China's Tibet Autonomous Region.
-
-
Spain's Lopez wins 12th stage of 2018 Tour of Qinghai Lake
Spanish rider Daniel Lopez Parada from Burgos-BH took the crown in the 3-hour fast Yinchuan leg of the 17th Tour of Qinghai Lake on Friday.
-
-
Spanish rider Lopez wins 12th Stage of Tour of Qinghai Lake
Spanish rider Daniel Lopez blitzed to take bunch sprint victory of the 12th stage of Tour of Qinghai Lake on fast Yinchuan city circuit on Friday.
-
-
Aquirre wins Tour of Qinghai Lake thanks to mountain-stage prowess
Columbia's Hernan Aguirre of Manzana Postbon won the 17th Tour of Qinghai Lake as expected, safely finishing the 13th and final stage on Saturday.