February 14, 2025 01:45 GMT
CHINA PRESS: Tech and Manufacturing Received Trillions In Tax Breaks In 2024
CHINA PRESS
China’s policies supporting science and tech innovation, and the manufacturing sector received tax and fee deductions totalling CNY2.6 trillion in 2024, data from the State Taxation Administration showed. Last year, sales revenue for domestic high-tech and manufacturing industries increased 9.6 and 2.2 percentage points quicker than the overall economic growth rate, the Administration added. (Source: Securities Daily)
57 words