After launching the trillion investment, the National Development and Reform Commission's next major step in addressing the economic situation is to intensify the formulation of plans for the revitalization of nine key industries such as steel, automobiles, ships, and petrochemicals. The plan strives to be introduced at the end of the year or the beginning of the year and will be released in a high-standard format. This is another major measure for the country to promote economic development.
Responding to the financial crisis and revitalizing the nine key industries are undoubtedly something that is worth looking forward to. In order to revitalize the nine key industries, the government must introduce relevant policies. Li Yizhong, Minister of Industry and Information Technology, said recently that the policy measures to support key industries include: tax reduction, support for mergers and acquisitions of enterprises, tapping the potential of the rural market, expanding exports, national reserves, and launching technological transformation projects for enterprises. Tax cuts were ranked first in policy measures.
In recent days, in order to stimulate economic development and stimulate domestic demand, the state has introduced a series of tax rebate policies. The direct consequence of the massive tax reduction and tax rebate policy is that the government’s fiscal revenue is greatly reduced. One unavoidable reality is that while the fiscal revenue is declining, China’s administrative costs are still high. According to data from the National Bureau of Statistics, from 1995 to 2006, the state administrative expenses increased from RMB 99.654 billion to RMB 757.105 billion, an increase of 6.60 times in 12 years; the proportion of administrative expenses in total financial expenditure was only 1978. 4.71% in 1995 was 14.60%. It rose to 18.73% in 2006, far higher than Japan's 2.38%, Britain's 4.19%, and the United States' 9.9%.
The shrinking fiscal revenue and administrative costs remain high, which is very contradictory. How to solve this contradiction? The most effective measure is to reduce the administrative costs in the event of fiscal shrinkage. Responding to the financial crisis, tax rebates are necessary, but reducing administrative costs is equally important and urgent.
Responding to the financial crisis and revitalizing the nine key industries are undoubtedly something that is worth looking forward to. In order to revitalize the nine key industries, the government must introduce relevant policies. Li Yizhong, Minister of Industry and Information Technology, said recently that the policy measures to support key industries include: tax reduction, support for mergers and acquisitions of enterprises, tapping the potential of the rural market, expanding exports, national reserves, and launching technological transformation projects for enterprises. Tax cuts were ranked first in policy measures.
In recent days, in order to stimulate economic development and stimulate domestic demand, the state has introduced a series of tax rebate policies. The direct consequence of the massive tax reduction and tax rebate policy is that the government’s fiscal revenue is greatly reduced. One unavoidable reality is that while the fiscal revenue is declining, China’s administrative costs are still high. According to data from the National Bureau of Statistics, from 1995 to 2006, the state administrative expenses increased from RMB 99.654 billion to RMB 757.105 billion, an increase of 6.60 times in 12 years; the proportion of administrative expenses in total financial expenditure was only 1978. 4.71% in 1995 was 14.60%. It rose to 18.73% in 2006, far higher than Japan's 2.38%, Britain's 4.19%, and the United States' 9.9%.
The shrinking fiscal revenue and administrative costs remain high, which is very contradictory. How to solve this contradiction? The most effective measure is to reduce the administrative costs in the event of fiscal shrinkage. Responding to the financial crisis, tax rebates are necessary, but reducing administrative costs is equally important and urgent.
Manual Heavy Duty Horizontal Lathe,Manual Heavy Duty Lathe,Mini Metal Lathe Machines,Small Bench Lathe
Tengzhou Borui CNC Machine Tool Co,.Ltd , https://www.br-cnc.com