Free Trial

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

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)