China to improve its fiscal policy quality
3 years, 11 months ago

China to improve its fiscal policy quality

China Daily  

A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. The government will normalize its implementation of the specified transfer payment mechanism to raise fiscal spending efficiency while "tightening the belt" to save money and enrich the people, said Liu. "We will increase the fiscal funds straightly channeled to the prefecture and county-level governments, and expand the scope of the coverage," Liu said, adding that the government will also beef up supervision during the process. China also decided to maintain a certain degree of its policy strength in tax and fee cuts, and continue implementing institutional tax and fee cuts to assist enterprises, Liu said. In 2021, the proactive fiscal policy will be "more sustainable" in terms of expenditure scale and policy strength to leave more policy space in addressing future risks and challenges, according to Liu.

China Liu Fiscal  yuan  improve  governments  fiscal  china  liu  cuts  policy  fee  expenditure  risks  quality  tax

History of this topic

China to enact more proactive fiscal policy
Trending News
1 week, 3 days ago

China to enact more proactive fiscal policy

China Daily  

By Liu Yukun | chinadaily.com.cn | Updated: 2024-12-14 13:56 China will enact more proactive fiscal policy and moderately loose monetary policy with detailed measures to be delivered at the two sessions the next year, said an official on Saturday. Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, said the move marked …

Experts see expansionary moves ahead
1 week, 3 days ago

Experts see expansionary moves ahead

China Daily  

A view of Shanghai's Pudong New Area. China may roll out unprecedented expansionary moves in macroeconomic adjustments next year after a top-level meeting signaled a significant shift of mindset in prioritizing the expansion of domestic demand amid external uncertainties, policy researchers and economists said. Measures in the pipeline may include the highest official projected deficit ratio on record, a sharp …

How will Central Economic Work Conference shape 2025 economy?
Trending News
1 week, 4 days ago

How will Central Economic Work Conference shape 2025 economy?

China Daily  

Shi Yu/China Daily China concluded the much-awaited annual Central Economic Work Conference on Dec 12, outlining the government's main economic objectives and policy plans for 2025, which are largely in line with our CEWC preview and Politburo meeting. Therefore, after the March NPC unveils next year's overall policy stimulus package, we think the government may also ramp up additional policy …

China signals more forceful stimulus to come next year
2 weeks ago

China signals more forceful stimulus to come next year

Live Mint  

China’s leaders signaled a more forceful policy approach for next year to boost domestic demand, as the world’s second-largest economy braces for escalating trade tensions with the incoming Trump administration. The 24-member Politburo, China’s top decision-making body, pledged Monday in a meeting to implement more proactive fiscal policy and moderately loose monetary policy for next year. Meanwhile, the mention of …

China's leaders vow more 'relaxed' monetary policy in 2025
Trending News
2 weeks, 1 day ago

China's leaders vow more 'relaxed' monetary policy in 2025

New Indian Express  

BEIJING: Chinese President Xi Jinping and other top leaders said Monday they would adopt a more "relaxed" approach to monetary policy as they hashed out plans to boost the economy next year. The world's second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt -- all of which threaten Beijing's official growth …

Policy support driving V-shaped recovery in Q4, experts say
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, the ongoing round of …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-11-20 14:59 The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities …

Policy support driving V-shaped recovery in Q4, experts say
Top News
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

Policy support driving V-shaped recovery in Q4, experts say
1 month ago

Policy support driving V-shaped recovery in Q4, experts say

China Daily  

The skyline of Beijing. There are signs of a "V-shaped" recovery in the Chinese economy with a raft of policy support measures taking swift effect and more spending plans in the pipeline to consolidate the momentum, experts at national think tanks said. Dong Shaopeng, an advisory committee member of the Securities Association of China, said that by advancing investment projects, …

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy
1 month, 1 week ago

After $1.4 trillion package, China to cut homebuying taxes to revive ailing economy

Firstpost  

In the latest step to support ailing economy, China is expected to cut taxes for buying homes, according to Bloomberg In the latest step to support its ailing economy, China is expected to cut homebuying taxes, according to Bloomberg. The decision to cut homebuying taxes would come days after the announcement of a $1.4 trillion package to bail out local …

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth
1 month, 2 weeks ago

China economy: Beijing approves $1.4 trillion debt package in latest measure to boost flagging growth

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China has approved a 10 trillion yuan plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially …

China's Economic Stability: A Steady Beacon Amid Global Uncertainty
1 month, 3 weeks ago

China's Economic Stability: A Steady Beacon Amid Global Uncertainty

China Daily  

China's economy remains a stabilizing force in the global economy, despite the challenges of global geopolitical rivalries and rising government debt. The country's structural reforms and high-quality development strategies have contributed to its stability and growth. China's commitment to high-quality development and its willingness to engage in global trade and cooperation remain crucial for maintaining its economic prosperity and stability …

Growth target within reach on policy effort
2 months ago

Growth target within reach on policy effort

The Independent  

With a potent set of new policies being implemented on various fronts, China is on course to achieving its full-year economic growth target of around 5 per cent, signalling the resilience of the country’s economy despite challenges at home and abroad, said a senior expert. Chen Wenling, chief economist at the China Centre for International Economic Exchanges in Beijing, said …

China's general public budget expenditure rises
3 months, 3 weeks ago

China's general public budget expenditure rises

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. China's general public budget expenditure expanded 2.5 percent year-on-year in the first seven months of 2024 and is poised to maintain a steady growth trend over the coming months, the Ministry of Finance said on Monday. According to the ministry, the country's general public budget expenditure amounted to …

China's fiscal revenue down 2.6% in Jan-July
3 months, 4 weeks ago

China's fiscal revenue down 2.6% in Jan-July

China Daily  

File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's fiscal revenue dipped 2.6 percent year-on-year in the first seven months of this year, official data showed Monday. A breakdown of the data showed the country's tax revenue decreased 5.4 percent from one year earlier, while its non-tax revenue …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

Fiscal reform charts a new development path
4 months, 2 weeks ago

Fiscal reform charts a new development path

China Daily  

SHI YU/CHINA DAILY The resolution of the third plenary session of the 20th Central Committee of the Communist Party of China, held from July 15 to 18, said China will "deepen reform and advance Chinese modernization under the rule of law and ensure unity between reform and the rule of law". In this regard, China's financial policy has always been …

China revs up fiscal policy support to spur economic recovery
4 months, 3 weeks ago

China revs up fiscal policy support to spur economic recovery

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. BEIJING - China is making efforts to step up its fiscal policy support and ensure the implementation of established policies, aiming to consolidate its economic recovery as rising external headwinds weigh on growth. The country will strengthen its fiscal policy to ensure the economy sustains its recovery momentum, …

Fiscal policies to aid sci-tech innovation
4 months, 3 weeks ago

Fiscal policies to aid sci-tech innovation

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. China will strengthen the implementation of fiscal and taxation policies supporting scientific and technological innovation, to promote industrial upgrades and foster new growth momentum, a senior official said on Wednesday. "Focusing on 'strengthening foundation and targeting key areas', we will further support the enhancement of capabilities in scientific and …

China to step up fiscal policy implementation to spur economic recovery: official
4 months, 3 weeks ago

China to step up fiscal policy implementation to spur economic recovery: official

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The country will issue the ultra-long special treasury bonds in a timely manner and make good use of the funds raised from the bond sales, Lin Zechang, of the Ministry of Finance, told a press conference. Lin said that the country will also speed up the issuance …

China's general budget expenditure up 2% in H1
5 months ago

China's general budget expenditure up 2% in H1

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. China's general public budget expenditure saw a year-on-year increase of 2 percent in the first six months of 2024, data from the Ministry of Finance showed on Monday. According to the ministry, the country's general public budget expenditure amounted to nearly 13.66 trillion yuan during …

China reports generally stable growth in final accounts for 2023
5 months, 4 weeks ago

China reports generally stable growth in final accounts for 2023

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING -- China's final central government accounts for 2023 were generally stable, with notable progress achieved in the areas of financial reform and development, according to a report delivered to the country's top legislature on Tuesday. The central government's general public budget revenue totaled 9.96 …

Tax policy to better support economic recovery
8 months ago

Tax policy to better support economic recovery

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning city, Guangxi Zhuang autonomous region, on April 16, 2024. China's fiscal authorities will intensify efforts in areas like fully supporting sci-tech innovation and expanding domestic demand to further facilitate economic recovery, a senior official from the Ministry of Finance said on Monday …

China's new budget book reveals fiscal priorities for 2024
9 months, 1 week ago

China's new budget book reveals fiscal priorities for 2024

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. Greater fiscal input The ultra-long special treasury bonds to be issued over each of the next several years, along with other arrangements including budget deficits, special-purpose bonds, preferential tax and fee policies as well as government subsidies, mark the country's strengthened fiscal …

Fiscal moves to bolster recovery
9 months, 2 weeks ago

Fiscal moves to bolster recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. At a news conference on Wednesday on the sidelines of the ongoing annual session of the national legislature, Lan Fo'an, minister of finance, said work will be done to expand fiscal expenditure appropriately to ensure sufficient funding for major national strategic tasks, markedly increase …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will leverage intensified and targeted macro policies to sustain stable growth, according to the Government Work Report released on Tuesday. The country pledged to pursue a proactive fiscal policy that will be intensified as appropriate with improved quality and …

‘Two sessions’: China sets 5 percent growth target, boosts military budget
9 months, 2 weeks ago

‘Two sessions’: China sets 5 percent growth target, boosts military budget

Al Jazeera  

Beijing sets one of its lowest targets in decades amid property crisis, slowing exports and population decline. Li said Beijing would push ahead with “transforming the growth model”, including through tax reform, fostering talent in tech, boosting domestic consumption, removing barriers to private investment, and issuing 1 trillion yuan in special government bonds. China’s economic roadmap, which matches last year’s …

China pushes for 5% GDP growth
9 months, 2 weeks ago

China pushes for 5% GDP growth

China Daily  

Premier Li Qiang delivers the Government Work Report at the opening meeting of the second session of the 14th National People's Congress at the Great Hall of the People in Beijing on Tuesday. FENG YONGBIN / CHINA DAILY China aims to see economic expansion at around 5 percent for 2024, unchanged from last year, as the world's second-largest economy will …

Increase in fiscal revenue result of and boost to solid recovery
10 months, 2 weeks ago

Increase in fiscal revenue result of and boost to solid recovery

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. In 2023, the national fiscal revenue exceeded 21 trillion yuan, an increase of 6.4 percent from the previous year. In 2023, the Chinese government's tax revenue was 18,113 billion yuan, an increase of 8.7 percent year-on-year, among which the value-added tax was 6,933.2 billion …

【双语财讯】专访彭博全球首席经济学家：中国应将2024年经济增长目标定为5%左右
11 months ago

【双语财讯】专访彭博全球首席经济学家：中国应将2024年经济增长目标定为5%左右

China Daily  

彭博全球首席经济学家欧乐鹰在接受《中国日报》专访时表示，中国应将2024年的经济增长目标定为“5%左右”，这将有助于提振信心，增强经济回升向好态势。他表示，电动汽车、可持续能源和高速铁路等新兴领域的蓬勃发展将为中国经济提供持续增长的机遇。欧乐鹰还对中国的中长期发展前景表示乐观，他认为中国存在巨大的增长潜力。 图片来源：中国新闻社 China should aim for an economic expansion of "around 5 percent" for 2024, as that will help boost confidence and revive its recovery momentum, Bloomberg Economics' chief economist Tom Orlik said. 欧乐鹰在接受《中国日报》专访时表示：“我认为，5%左右的目标可能足以提振企业信心，而且不会太激进，以避免投资过剩和过度刺激的风险。” Orlik said China has the scope to keep monetary and fiscal policy supportive to help bolster recovery of the economy. 他说："我认为，中国在实施经济刺激政策方面仍有很大的机会，那就是利用中央政府的资产负债表。这意味着要扩大财政赤字，让财政政策在推动经济增长方面发挥更大作用。” Considering stronger policy support, pressure …

Country's strategic priorities reflect Chinese wisdom
11 months, 3 weeks ago

Country's strategic priorities reflect Chinese wisdom

China Daily  

The financial district of Pudong New Area. In addition, the nation's recently announced strategic priorities — science technology, innovation, development of a modern industrial system, the boosting of domestic demand, support for agriculture and rural farmers, integration of urban-rural development, coordinated regional development, immense social development, high-level opening-up and prevention of risks in key areas — vividly reflect the economic …

China expected to maintain steady growth
11 months, 3 weeks ago

China expected to maintain steady growth

China Daily  

A view of the Huangpu River in Shanghai. Experts say consumption will remain primary driver of economy in 2024 China's economy is set to maintain robust and steady growth in 2024 as domestic demand further recovers, driven by ramped-up macroeconomic policy support and the deepening of industrial upgrading, senior experts said. Traditional consumption areas such as vehicles and electronics are …

China: Waiting for policy tailwind
1 year ago

China: Waiting for policy tailwind

China Daily  

A pedestrian walks past the headquarters of PBOC in Beijing. Our base case is the government will likely commit to boost growth by setting a growth target at "above 4.5 percent" for 2024, moderately higher than the 4.1 percent average growth in 2022-23. While the People's Bank of China will continue to ease lending conditions, to bring about recovery in …

China to extend tax, fee supports for enterprises
1 year, 2 months ago

China to extend tax, fee supports for enterprises

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. BEIJING -- China will extend several preferential tax and fee policies to continue easing the burden on enterprises and support the development of businesses, the Ministry of Finance said Wednesday. China will continue to exempt registration fees for certain epidemic-prevention drugs and …

Businesses benefit from series of tax, fee cuts
1 year, 6 months ago

Businesses benefit from series of tax, fee cuts

China Daily  

Policies help firms weather the effects of COVID-19 With businesses in China rebounding from the effects of the COVID-19 pandemic since the start of this year, the nation's economic growth has accelerated. In January, figures released by the Ministry of Finance showed that tax and fee cuts, tax refunds and deferred payments last year totaled 4.2 trillion yuan, including 2.4 …

China projected to lead the growth of Asia in 2023
1 year, 8 months ago

China projected to lead the growth of Asia in 2023

China Daily  

China will likely become the only major economy in the world with growth accelerating in 2023, and its economic recovery is brightening the outlook for the whole region, economists of the Asian Development Bank said on Tuesday in Beijing. ADB's Asian Development Outlook April 2023, which was released on the same day, predicted that the economic growth in China will …

China extends, improves tax relief policies for businesses
1 year, 8 months ago

China extends, improves tax relief policies for businesses

China Daily  

BEIJING, March 27 -- China has extended and improved a raft of preferential tax and fee policies, according to multiple statements issued by the Ministry of Finance and the State Taxation Administration based on decisions made at a State Council meeting last week. For low-profit small enterprises, the portion of their annual taxable income that does not exceed 1 million …

Nation reaffirms pro-growth stance for 2023
1 year, 9 months ago

Nation reaffirms pro-growth stance for 2023

China Daily  

A view of Beijing's CBD area on Aug 19, 2022. In 2022, the government had to under-implement spending to meet the broad budget deficit target of 7.4 percent of GDP, because of revenue shortfalls. The combined total revenue from the general public budget and government funds budget dropped 6.3 percent because of a 23 percent plunge in land sales revenue, …

Neglecting China's contributions to COVID-19 fight exposes prejudices
1 year, 11 months ago

Neglecting China's contributions to COVID-19 fight exposes prejudices

China Daily  

People join a lantern festival in Taijiang district, Fuzhou, southeast China's Fujian province, Jan 6, 2023. The international community has gained a deeper understanding of China's persistent efforts to efficiently coordinate COVID-19 response and socio-economic development, as the country implements its optimized COVID-19 control measures in a steady and orderly manner. They ignored China's achievements in the COVID-19 fight over …

China to expand fiscal spending to support economic recovery
1 year, 11 months ago

China to expand fiscal spending to support economic recovery

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. China will appropriately expand fiscal spending as the government aims to provide "more direct and effective" fiscal support for economic recovery in 2023, according to the Ministry of Finance. "We will appropriately expand fiscal spending by optimizing the tool mix of fiscal deficit, local government …

2023 policy focused on solid recovery
2 years ago

2023 policy focused on solid recovery

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. Key Party meeting maps direction, major tasks for development next year Reviving the COVID-19-battered economy will be a key policy priority for China next year as the top leadership has sent a strong signal to push overall improvement of economic activity and substantially expand domestic demand, economists said on …

2023 policy focused on solid recovery
2 years ago

2023 policy focused on solid recovery

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. Key Party meeting maps direction, major tasks for development next year Reviving the COVID-19-battered economy will be a key policy priority for China next year as the top leadership has sent a strong signal to push overall improvement of economic activity and substantially expand domestic demand, economists said on …

China pledges support for ailing economy, analysts doubt impact
2 years, 7 months ago

China pledges support for ailing economy, analysts doubt impact

Al Jazeera  

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth. China has pledged tax cuts and infrastructure spending to support economic growth, as economists poured doubt on a strong rebound for the world’s second-largest economy as long as lockdowns persist. Beijing will increase annual tax cuts by more than 140 billion …

Govt mulls over more fiscal support
2 years, 7 months ago

Govt mulls over more fiscal support

China Daily  

Proactive policies help hard-hit market players through large-scale tax refunds China is considering additional fiscal policy support while mounting an all-out effort to put existing measures into place, providing a strong buffer against downward pressures on the national economy, officials and experts said on Tuesday. They added that large-scale tax refunds have started to benefit hard-hit market players in the …

Favorable tax and fee policies front-loaded to shore up enterprises
2 years, 9 months ago

Favorable tax and fee policies front-loaded to shore up enterprises

China Daily  

China has unveiled more than 20 tax and fee policy measures in support of market players since the beginning of the year. China has unveiled more than 20 tax and fee policy measures in support of market players since the beginning of the year in a bid to boost business growth quickly, the Ministry of Finance said on Wednesday. To …

China to further cut corporate costs
3 years, 7 months ago

China to further cut corporate costs

China Daily  

China will further cut taxes and fees to boost the vitality of market entities, the country's top economic planner said on May 10. China will mobilize financial resources to support the real economy, reduce government-imposed transaction costs, and cut labor costs for firms, said a notice released by the National Development and Reform Commission and three other ministries. The country …

刘昆：今年的财政政策保持基本稳定，不急转弯
3 years, 9 months ago

刘昆：今年的财政政策保持基本稳定，不急转弯

China Daily  

3月5日举行的全国两会首场“部长通道”上，面对记者关心的财政热点问题，财政部部长刘昆第一时间给予回应。 新华社记者 才扬 摄 China will keep its fiscal policy basically stable and make no sharp turns in 2021, the finance minister said Friday. 今年的赤字率、新增地方政府专项债券限额比去年有所降低。 However, compared with 2019, China's total deficit will increase by 810 billion yuan to 3.57 trillion yuan this year. The quota of the newly-added special-purpose local government bonds for 2021 will stand at 3.65 trillion …

China fixes over 6 per cent as target for GDP in 2021
3 years, 9 months ago

China fixes over 6 per cent as target for GDP in 2021

India TV News  

China aims to expand its gross domestic product by over six per cent in 2021, with more efforts on reform, innovation and high-quality development, Chinese Premier Li Keqiang announced at the National People’s Congress,, the country’s Parliament on Friday. China’s economy, which was the first to be hit by the coronavirus pandemic and early to recover from its impact, grew …

Discover Related