日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

China vows to speed up tax reform in 2012

(Agencies) Updated: 2012-06-08 10:52

China will accelerate tax cuts and reforms for selected industries this year to boost domestic consumption, Finance Minister Xie Xuren said in remarks published on Thursday.

The pledge is the latest made by China's policymakers to cushion a slowdown in growth set to extend for a sixth straight quarter and leave the world's second biggest economy on course for its weakest full year of expansion since 1999.

"In 2012 we will push forward tax reforms and try to make significant progress in some key sectors," Xie said, according to a statement published on the ministry's website, summarizing a speech made in late April.

"We will further improve the policy of cutting taxes for some sectors to spur domestic demand," he added.

So far, Beijing has taken several steps overhaul its tax regime, such as launching a pilot program to replace business tax with value-added tax, cutting import duties on some consumer goods and providing tax breaks for smaller firms.

Local media have reported that China may unveil a plan to expand its value-added tax beyond Shanghai as soon as in early June, with 10 cities and provinces on a waiting list.

Xie also pledged to make fiscal policy play a bigger role in adjusting China's economic structure, citing energy price reform and setting up a nationwide social security network.

He also called for the establishment of a risk-alert and prevention system to enhance supervision of local government debt, without further elaboration.

Chinese local governments had racked up 10.7 trillion yuan in debt by the end of 2010, mainly the legacy of an investment binge triggered by Beijing's 4 trillion yuan stimulus plan to counter global financial crisis. About 45 percent of the debt will come due in the coming three years.

China has increased efforts to support the economy in the face of a deepening European debt crisis and slowing demand at home, fast-tracking infrastructure investment, providing consumption subsidies in some household sectors and pushing ahead with financial reforms to help safeguard growth.

It has eased banks' required reserves in three steps since the autumn of 2011, cutting 150 basis points in total to 20 percent and freeing up an estimated 1.2 trillion yuan for fresh lending. It has also cut taxes and slashed red tape.

Economists polled by Reuters in May said they expected a further 100 bps to be cut through the rest of this year to bring the rate down to 19 percent.

Few analysts expect a massive injection of stimulus on anything like the scale of the 4 trillion yuan program unveiled in 2009 and many experts argue against it, even though China's growth in 2012 is likely to be its slowest in 13 years - albeit at a rate of 8.2 percent.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产激情视频在线 | 男人av网站 | 看毛片的网站 | 欧美日韩一区二区在线观看 | 久久久国产精品免费 | 久久亚洲国产精品 | 日本欧美中文字幕 | 九九热精品视频在线播放 | 精品在线免费视频 | 国产精品久久久久久99 | 性感美女av| 亚洲欧美日韩第一页 | 黄色精品在线观看 | 国产小视频在线观看 | 99热| 免费黄色一级视频 | 国产天天操 | 日本精品视频在线观看 | 国产精品久久婷婷六月丁香 | 国产色综合网 | 五月婷婷开心网 | 午夜精品区 | 久久久国产一区二区 | 中文字幕综合在线 | 四房婷婷 | xxx日本黄色 | 亚洲成年人专区 | 日本精品三区 | 操一操干一干 | 久久两性视频 | 日本中文字幕精品 | 久久av一区二区三区 | 欧美黄色大片在线观看 | 久久精品在线播放 | 日本高清一二三区 | h片在线播放 | 色女人av | 国产精品呻吟久久 | 麻豆一区二区99久久久久 | 四虎成人免费影院 | 亚洲综合色在线 |