CAI MENG/CHINA DAILY The third plenary session of the 20th Central Committee of the Communist Party of China in July unveiled a series of measures to reform the country’s fiscal and tax system, which has pointed the way toward a new round of reforms. Historically, such reforms have achieved their expected goals and laid the … Continue reading The right way of advancing fiscal system reform
Tag: fiscal
Central-local fiscal ties in the spotlight
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] China is expected to make more efforts to optimize the fiscal relationship between the central and local governments, thereby strengthening fiscal sustainability while ensuring macroeconomic adjustment capability, to further unleash development potential of the Chinese economy, … Continue reading Central-local fiscal ties in the spotlight
Fiscal, tax system reforms key to development
CAI MENG/CHINA DAILY The Central Economic Work Conference held in December proposed to arrange a new round of fiscal and tax system reform measures. The proposed fiscal and tax system reforms should be in line with the current stage of China’s economic and social development. In 1994, the tax-sharing system was initiated, marking the beginning … Continue reading Fiscal, tax system reforms key to development
Tax policy to better support economic recovery
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. [Photo/VCG] 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 … Continue reading Tax policy to better support economic recovery
Fitch’s outlook on fiscal policies wrong, ministry says
A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. [Photo/Xinhua] Rating Agency Fitch’s sovereign credit rating methodology and indicator system have failed to effectively and prospectively reflect the positive role of China’s fiscal policies, which are properly more proactive … Continue reading Fitch’s outlook on fiscal policies wrong, ministry says
Lenovo eyes AI opportunities with comprehensive business transformation
Yang Yuanqing, chairman and CEO of Lenovo. [Photo provided to chinadaily.com.cn] Chinese tech company Lenovo Group Ltd aims to seizes artificial intelligence opportunities with comprehensive business transformation and enhanced research and development capabilities, company chairman and CEO said. Yang Yuanqing, chairman and CEO of Lenovo, said in the face of challenges, Lenovo successfully rebounded and … Continue reading Lenovo eyes AI opportunities with comprehensive business transformation
Audi pledges to invest in electric powertrains
An Audi Q6 e-tron. [Photo/CHINA DAILY] German premium carmaker Audi will further embrace electrification thanks to its financial strength even amid technological change and heightened competition, executives said last week. Audi AG, which owns the brands of Bentley, Lamborghini and Ducati, saw its revenue increase by 13.1 percent to 69.9 billion euros ($76.24 billion) in … Continue reading Audi pledges to invest in electric powertrains