The Monday meeting agreed that a more proactive fiscal policy will be pursued. The government will focus on introducing deeper tax and non-tax fee cuts, and more companies will be eligible for the preferential policies of the additional deduction of R&D spending in taxable income, a policy which...
Going forward, "what is key is to guarantee that China continues on a sound and sustainable growth path," Gaspar told Xinhua in an interview on the sidelines of the Spring Meetings of the IMF and the World Bank, adding that fiscal policy could help facilitate China's economic transition. "...
Mary MinihanDan O'brien
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Fiscal policy will remain the key driver of China's economic rebound, focusing on supporting the real economy as monetary policy becomes more cautious, said analysts. The amount of tax cut in the first three months was 341.1 billion yuan ($50.75 billion) more than that in the same period la...
The Ministry of Finance has funneled 1.46 trillion yuan ($229 billion) from the 2022 quota of special bonds to local governments already, a senior official said on Thursday. The measure indicates implementation of the government's proactive fiscal policy aimed at preventing the risk of economic ...
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While fiscal policy accounts for 12 to 20 percent of output variance at business cycle frequencies, the anticipated component hardly matters for explaining fluctuations of real variables. Anticipated capital tax shocks do explain a sizable part of inflation and interest rate fluctuations, accounting for...