A package of incremental policies has been rolled out! The Ministry of Finance makes a significant announcement!

Recently, the Ministry of Finance announced a series of incremental policies aimed at further promoting economic development and structural adjustment. These policies cover multiple areas, including fiscal expenditure, tax incentives, financial support, etc., with the goal of providing more support and incentives for businesses and individuals.

Firstly, the Ministry of Finance will increase fiscal expenditure, particularly in infrastructure development and public services. By boosting government investment, the Ministry aims to stimulate domestic demand and promote economic growth. Simultaneously, the government will also optimize the structure of fiscal expenditures to ensure the efficiency and effectiveness of fund utilization.

Secondly, the Ministry of Finance has introduced a series of tax incentives aimed at reducing the tax burden on businesses and individuals. These policies include lowering corporate income tax rates, raising the personal income tax threshold, and expanding the scope of tax deductions and exemptions. Through these measures, the Ministry of Finance hopes to stimulate market vitality and promote consumption and investment.

In addition, the Ministry of Finance has strengthened support for the financial market by providing more credit support and financial innovation to help enterprises solve financing difficulties. The government will also promote the opening and reform of the financial market to attract more domestic and international capital into the Chinese market.

The introduction of these incremental policies demonstrates the government's profound understanding of the current economic situation and its proactive response. Through these measures, the Ministry of Finance aims to inject new momentum into the economy and propel China's economy towards high-quality development.