亚洲色怡人综合网站,国产性夜夜春夜夜爽,久久97AV综合,国产色视频一区二区三区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Stronger tax breaks, less fees needed to stimulate economy: Economist

Xinhua | Updated: 2017-02-16 10:59

Stronger tax breaks, less fees needed to stimulate economy: Economist

Tsinghua University professor Bai Chongen at a forum in Beijing, Oct 17, 2012. [Photo/VCG]

BEIJING - A Chinese economist has suggested more tax cuts and less administrative fees for businesses to stimulate the economy.

"The government should cut taxes and lower fees more vigorously to bring down corporate burdens and increase profit margins," Tsinghua University professor Bai Chongen said Wednesday at the annual meeting of Chinese Economists 50 Forum (CE50).

Bai said businesses would then be encouraged to invest more and improve productivity, relieving some downward pressure on the economy.

Policymakers have pledged fiscal support to stabilize growth and maintain a proactive fiscal policy this year. While some analysts are inclined to pay more attention to huge spending on infrastructure, Bai believes it is tax breaks and other such policies that can truly revitalize the economy.

Government-driven investment has resulted in falling business profits and efficiency for nearly a decade, since global financial crisis prompted the Chinese government to spend big to fend off risks, according to Bai.

Bai advised the government to earmark more funds for social security as firms are suffering from making high social security payments for their employees.

China's economy expanded 6.7 percent in 2016, a slowdown from the 6.9 percent growth registered in 2015 but within the government's target range, and more indicators for January have shown the economy is gaining a firm footing at the start of 2017.

Founded nearly two decades ago, CE50 is a civil academic organization and think tank that brings together around 50 prominent Chinese economists, including officials and academics.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US