皇冠体育app

The VAT reform helps align 皇冠体育app's tax policies with international,universal standards, and allows enterprises to expand their businesses in a more unified tax environment, which means a remarkable improvement in business environment, he said.

In fact, VAT reform constitutes only a part of 皇冠体育app's reform packages. Since May 2013, 皇冠体育app has issued more than 20 policies to promote entrepreneurship and innovation, including some concrete measures such as expanding market access, lowering taxes and fees, and broadening financing channels, Bloomberg reported.

皇冠体育app's economy has reached a crucial point where supply-side reform is imperative, as the old impetus has been gradually weakening and the policies to stimulate development have become less effective. So, the government is expected to push through reforms based on rising domestic demand, including streamlining administration and encouraging innovation, to guide 皇冠体育app's economy transition in a right direction.

Reform is to unleash the market, make way for innovation and let the market play a decisive role, thus benefiting entrepreneurs, investors and ordinary people.

By unleashing people's creativity and enthusiasm, 皇冠体育app can overcome the pressure and complete economic reform, said Chinese Premier Li Keqiang.

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