Fastener Shanghai
fastener
Official WeChat
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->China to launch larger-scale tax cuts next yearYou are the 579945 visitors
Views:697   |   recommendation:   |   Votes:0   |   Discuss:0
China to launch larger-scale tax cuts next year

"China will reduce taxes and fees on a larger scale next year, according to the country's finance minister."

China will reduce taxes and fees on a larger scale next year, according to the country's finance minister.

Inclusive and structural tax cuts will be implemented in 2019, with priority on easing the burden on manufacturing as well as for small and micro-sized businesses, Minister of Finance Liu Kun told a national fiscal work conference held Thursday and Friday.
Technology startups will also be offered tax cuts and exemptions, the minister said.
He pledged "more significant" fee reductions with moves to better regulate local fee charging.

The government will increase the efficiency of fiscal fund allocation and usage, optimize the structure of spending, and fully implement budget performance management next year, according to Liu.

He urged governments at all levels to "tighten their belts" by slashing general expenditure, strictly controlling spending on official overseas visits, government-procured vehicles and official receptions, and scrapping inefficient expenses.

"In addition, management of local government debt will be strengthened next year, with a relatively large increase in special bond issuance by local governments," Liu said.

China will strengthen counter-cyclical adjustments in its macro policy in 2019, with bolder and more effective measures to be taken to implement the proactive fiscal policy, according to the annual Central Economic Work Conference held last week.

Source: Xinhua

2018/12/29 16:33:00

Previous:    China’s Fastener Exports Increase in First 10 Months
        Next:    China to speed up development of advanced manufacturing

Recent Related News
PMI falls below the 50 mark--2019-01-03
China to ease tax burdens for private enterprises--2018-11-22
Central bank governor promises stronger support for private sector--2018-11-07
Global manufacturing PMI drops in September--2018-10-09
China's manufacturing PMI beats expectations--2018-08-31
Investment boost for car, aircraft makers--2018-07-10
China's manufacturing activity expands slower in June--2018-07-03
German manufacturing production falls sharply in February--2018-04-09
U.S. Fed raises interest rates, signals two more rate hikes in 2018--2018-03-22
China's manufacturing activity expands slower--2018-02-28
German industrial workers, employers agree to pay deal--2018-02-09
China's manufacturing activity expands slower in January--2018-01-31

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener5fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany

•Fastener Fair India, Apr 25-26, 2019, Mumbai, India



Show Room



Offer Product

Latest News
• CFD 2019 is Now Available! Get it FREE!

• Taiwan's CSC to increase prices of most steel products in Q2

Buyers' Guide
Company News

• In Pursuit of Excellence in Quality—ZHEJIANG CHAOBOER HARDWARE CO.,LTD.

• Dongtai Huawei to Exhibit at Canton Fair 2018 Spring Session, Booth No.15.3H26, Welcome to Visit Us!

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener