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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Slower tax revenue growth reported

By Wang Yanfei | China Daily | Updated: 2017-01-13 07:57

China saw slower year-on-year tax revenue growth in 2016, data from the nation's tax authority showed on Thursday.

Slower growth of tax revenue points to higher short-term pressure on government spending, but the economy will benefit in the long run after tax cut policies for enterprises gradually show results, experts said.

China collected 11.59 trillion yuan ($1.67 trillion) in taxes last year, up by 4.8 percent year-on-year, but lower than the 6.6 percent growth rate in 2015, data from the State Administration of Taxation showed.

The growth rate of tax revenue was 1.9 percentage points lower than the 6.7 percent GDP growth rate, showing a wider difference compared with a year ago.

The tax revenue growth rate continued to run slower than that of GDP growth starting in 2012.

Wang Jun, director of the administration, said tax cut policies played a major role in the slowing trend of tax revenue, referring to value-added tax reform launched in 2012.

The reform aimed to replace standard business income taxes with a value-added tax.

The reform spread to the construction, real estate, finance and consumer services sectors last year.

If tax revenue continues to slow down, this would put pressure on government spending in the next year, according to Zhang Lianqi, a financial expert whom the ministry consults.

"But if taking a long-run perspective, say, three to five years, that would be a different scenario," said Zhang.

Zhang said enterprises that benefited from the tax reform would revitalize the economy in the long run, after the nation relies less on stimulus measures.

Hu Yijian, a professor of economics at Shanghai University of Finance and Economics, said slower growth of tax revenue should not be a concern in the long run.

Hu said "slowing of tax revenue shows that progress has been made in squeezing out asset bubbles", because a large proportion of tax revenue came from the capital market in the past several years.

Hu suggested that because a further slowing of tax revenue growth is likely, governments should cut excessive spending

A statement released after the Central Economic Work Conference in December showed that the government put a high priority on prevention of financial risks.

wangyanfei@chinadaily.com.cn

Editor's picks
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
主站蜘蛛池模板: 国产91免费 | 中文字幕网址在线 | 91网站免费在线观看 | 亚洲欧美日韩中文在线 | 爽妇综合网| 91麻豆精品国产91久久综合 | 国产日韩欧美一区 | 99久精品 | 日韩视频专区 | 久久伊人精品 | 超碰在线网 | 国产成人精品一区二区三区网站观看 | 最新99热| 日本欧美一本 | 国产又猛又黄又爽 | 成人拍拍拍 | 男人天堂久久 | 国产91在线播放九色 | 国产精品香蕉 | 欧美精品第二页 | 欧美性a视频 | 精品久久久久一区二区国产 | 午夜色播 | 国产精品xxx | 久久99精品久久久久久 | 天天综合网在线 | 久久精品成人一区二区三区蜜臀 | 午夜av毛片 | 亚洲天天干 | 精品一区在线视频 | 日韩欧美www | 精品久久综合 | 亚洲国产视频网站 | 成人免费观看视频 | 色视频在线观看 | 懂色av粉嫩av蜜臀av一区二区三区 | 欧美顶级毛片在线播放 | 青青草久久久 | 国产麻豆精品在线观看 | 亚洲精品国产成人 | 白天操晚上操天天操 |