Corporate financial burdens to decline

Updated 2016-12-30 09:21:36 Global Times

China will continue to pursue "active" fiscal policies, under which the government will try to further ease financial burdens on companies and maintain economic growth "within a reasonable" range, Finance Minister Xiao Jie said on Thursday.

In 2017, fiscal policy will have to be "more active and effective," including moves to expand tax breaks and administrative cuts, Xiao said at a meeting.

In addition, China will "appropriately" expand fiscal spending and maintain a reasonable range of economic growth, Xiao said at the meeting that was convened to outline the ministry's agenda for next year, according to a statement on its website.

Other items, including pushing forward supply-side reform and fiscal and tax reform, also lead the ministry's agenda for next year, the statement said.

The Ministry of Finance is the latest government agency to signal its willingness to help companies through cuts in taxes and fees to spur economic growth.

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