国内英语资讯:China rolls out further tax cuts in support of real economy_时事

国内英语资讯:China rolls out further tax cuts in support of real economy

BEIJING, Aug. 30 -- China is unveiling new tax cuts to boost the real economy while working to ensure full implementation of all existing tax reduction measures, a State Council's executive meeting presided over by Premier Li Keqiang decided on Thursday.

The Chinese government places high importance on cutting taxes and non-tax fees. President Xi Jinping emphasized the need to stick with the proactive fiscal policy and prudent monetary policy, and called for the fiscal policy to play a bigger role in boosting domestic demand and economic restructuring. Premier Li Keqiang laid out clear targets for tax and fee reduction in this year's Government Work Report, and underlined on multiple occasions the need for a more proactive fiscal policy.

The Thursday meeting was the ninth time for the issue of tax and fee cuts to be included on the agenda of the State Council's weekly executive meetings since the new government took office last March. Measures introduced on tax and fee cuts since earlier this year have kicked in to support the micro and small businesses and spur innovation.

"In the context of new developments both at home and abroad, tax and fee cuts are important for sustaining the positive momentum of steady economic growth. More tax incentives should be rolled out and all measures introduced fully delivered," Li said, "Tax and fee reduction is part and parcel of the proactive fiscal policy, and something that we are capable to do now."