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CHINA-ECONOMY-POLICY-WEEKLY
Weekly policy snapshot of Chinese economy
BEIJING, Dec. 9, 2019 (BSS/Xinhua) – The following are the key moves taken
by policymakers in the past week to enhance China’s economic strength and
sustainability:
— Draft document of consumption tax law
The Ministry of Finance and the State Taxation Administration on Tuesday
started soliciting public opinions on a draft document of consumption tax
law.
— Draft plan to boost electric, smart car sales
China plans to further boost sales of new energy vehicles (NEVs) and
intelligent connected vehicles to push for green and smart growth of the
world’s largest automobile market.
Sales of NEVs are expected to make up about 25 percent of the total new
car sales by 2025, according to a draft plan by the Ministry of Industry and
Information Technology.
— Innovative growth of border trade
China has adopted new policies and measures to support the innovative
development of border trade, the Ministry of Commerce said on Wednesday.
— Multi-pronged measures to keep employment stable
China will take robust and multi-pronged measures to ensure that
employment remains stable. The government will scale up support for flexible
employment, boost job opportunities for people with disabilities, and tackle
the stubborn issue of wage arrears affecting migrant workers with legal
means.
A host of steps was decided upon at the State Council’s executive meeting
on Wednesday chaired by Premier Li Keqiang.
— Tax measures to facilitate integrated development of Yangtze River
Delta
China’s taxation authority has announced 16 measures to facilitate tax
services in the Yangtze River Delta and boost the region’s integrated
development.
BSS/XINHUA/HR/1305