China increases expenditure to improve people's wellbeing

China increased expenditure in key areas regarding people's wellbeing in 2022, and worked to ensure that public services are inclusive, meet essential needs, and improve basic living standards for people in difficulty, an official said Wednesday.

March 2, 2023

China's tax and fee cuts, refunds, deferrals top 4.2 trillion yuan in 2022

China's tax refunds, and tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (US$608.7 billion) in 2022, including a record 2.46 trillion-yuan worth of value-added tax (VAT) credit refunds. The tax and fee policies have helped to ease the burdens and difficulties of market entities, an official said Wednesday.

March 1, 2023

China sure of preempting fiscal risks

China is capable of preempting systemic fiscal risks, Minister of Finance Liu Kun said on Wednesday.

March 2, 2023

China pledges stronger fiscal policies for high-quality development

China will continue to improve its proactive fiscal policies, boost consumption and investment, and help businesses further to support high-quality development this year, officials from the Ministry of Finance said on Wednesday.

March 2, 2023