China boosts sci-tech progress with 7.1 trillion yuan outlay in past decade

Over the past 10 years, China spent a total of 7.1 trillion yuan in general public budget on science and technology to build its strength in the sector, Vice Minister of Finance Xu Hongcai said Tuesday.

May 18, 2022

China's tax, fee cuts top 8.8 trillion yuan over past decade

From 2013 to 2021, China's #tax and fee cuts totaled 8.8 trillion yuan (US$1.3 trillion), which effectively eased burdens for market entities, according to a press conference on Tuesday.

May 18, 2022

Slowdown reflects new policy of tax cuts, refunds

China is speeding up the implementation of supportive fiscal measures as well as the formulation of additional policy assistance as part of the nation's ramped-up fiscal support for the economy, the Ministry of Finance said on Tuesday.

May 19, 2022

Fiscal policy support speeds up

China is speeding up the implementation of supportive fiscal measures as well as the formulation of additional policy assistance as part of the nation's ramped-up fiscal support for the economy, the Ministry of Finance said on Tuesday.

May 19, 2022

China accelerates implementation of fiscal, tax policies to stabilize growth

China has accelerated the implementation of a slew of fiscal and tax policies to shore up economic growth, a senior official said on Tuesday.

May 18, 2022