www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

China pledges stronger fiscal policy, widens tax breaks

(Xinhua) Updated: 2015-02-26 07:31

China pledges stronger fiscal policy, widens tax breaks

People enter a taxpayer service hall in Beijing, Dec 13, 2010. [Photo/IC]

BEIJING -- The State Council, China's cabinet, on Wednesday pledged to step up fiscal policy support and strengthen targeted controls to combat downward pressure on the economy.

"To ensure the economy operates within a reasonable range, proactive fiscal policy needs to be stronger and more effective," said a statement released after the executive meeting, which was presided over by Premier Li Keqiang.

The meeting decided to extend tax break policies to more micro and small businesses. From 2015 to the end of 2017, companies with annual taxable income under 200,000 yuan ($32,573) will have their corporate tax halved. Previously, the threshold was 100,000 yuan.

In an effort to activate private investments, the cabinet said taxes on investment earnings from non-monetary assets would be levied in stages rather than a one-off collection.

In addition, China will reduce the unemployment insurance rate to 2 percent from 3 percent previously, which is estimated to save over 40 billion yuan for businesses and employees annually.

The State Council also pledged to speed up construction of major water projects in the less developed central and western regions. Approvals on the new projects will be finished by the end of July and over 90 percent of funds from the central budget will be allocated by the end of June, according to the statement.

The set of policy adjustments comes in the wake of the economy growing by 7.4 percent in 2014, its weakest annual expansion in 24 years. A string of economic indicators, including manufacturing and trade data, all suggest continued weakness.

Data on Wednesday showed the HSBC flash manufacturing purchasing mangers index (PMI) improved slightly in February, rising to a four month high of 50.1, but the bank cautioned that domestic economic activity was likely to remain sluggish and external demand looked uncertain.

Despite subdued economic strength, policymakers have moved more cautiously than the market expected. To support growth, the central bank earlier this month decided to lower reserve requirement ratio, the minimum level of reserves banks must hold, by 50 basis points from Feb 5, the first universal RRR cut since May 2012.

This followed an unexpected move to slash interest rates last November, also the first cut in more than two years.

 

 

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美日韩亚洲成色二本道三区 | 亚欧成人一区二区 | 特级深夜a级毛片免费观看 特级生活片 | 亚洲日本欧美综合在线一 | 免费精品久久 | 亚洲一区二区三区精品影院 | 亚洲人成片在线观看 | 日本三级全黄三级a | 国内精品亚洲 | 天天躁日日躁狠狠躁一级毛片 | 国产精品反差婊在线观看 | 91视频社区 | 久久黄色影院 | 成人毛片免费观看视频大全 | 天天插夜夜爽 | 欧美大片欧美毛片大片 | 欧美一级毛片免费大全 | 亚洲国产精品线在线观看 | 美女超爽久久久久网站 | 久爱免费观看在线网站 | 韩国一级做a爰片性色毛片 韩国一区在线 | 欧美一级毛片在线 | 91免费永久国产在线观看 | 国产91精品一区二区视色 | 国产成人福利免费观看 | 亚洲 自拍 欧美 综合 | 欧美在线播放视频 | 三级黄色片日韩 | 一区二区三区在线免费观看视频 | 国产精品亚洲一区二区三区在线观看 | 国产精品亚洲综合天堂夜夜 | 国产激情一区二区三区四区 | 亚洲图片视频在线 | 草久视频在线观看 | 成人免费大片a毛片 | 日韩毛片欧美一级a | 亚洲精品亚洲一区二区 | 国产精品久久久久久久久久一区 | 国产人成午夜免费噼啪视频 | 欧美成人 一区二区三区 | 亚洲图片国产日韩欧美 |