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The Fiscal Work Conference this week....>

CHINA PRESS
CHINA PRESS: The Fiscal Work Conference this week determined that China will
deepen tax reforms next year to better distribute the income between the central
government and local governments, the Economic Information Daily reported
Friday, citing sources in the Ministry of Finance. The conference also
emphasized that China will continue to cut taxes and lower government fees.
Fiscal policies will remain active for the 11th consecutive year, and government
expenditure will be more sustainable. Local governments' debt risk needs to be
countered. The conference also determined that China will improve its fiscal
policies to support people who used to live in the countryside in acquiring
citizenship when they move into cities. (Economic Information Daily)

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