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Looking back over the last five years, it is clear that the reform and development of public finance work in China has reached a new level, and that its role as the foundation of the country's governance has been effectively utilized. We constantly deepened the reform of the budgetary management system, made systematic headway in replacing business tax with VAT and in reforming excise tax and resource tax systems, and achieved major progress in building a modern fiscal system over five years of continuous refinement. In exercising macro regulation through fiscal policy, we paid great attention to keeping market expectations stable, unleashing internal forces for driving economic growth, and promoting structural improvements, and helped achieve a better-quality, higher-efficiency, and steadily operating economy by relying more heavily on market forces and adopting more reform measures. The wellbeing of our people has seen continual improvements, and we increased spending in related areas while working hard to improve related expenditure policies and institutional arrangements, emphasizing their public nature as well as increasing their sustainability. We established a general institutional framework for the management of local government debt, developed a clear picture of total outstanding debt, and carried out the systematic replacement of a portion of outstanding debt to ensure better overall control of debt-related risks.
Hu Xing, 27, has been working in the southern Guangdong Province after graduating from high school. At the end of last year, he made up his mind to return home in Henan Province.
As a result, the center called off the yellow warning for smog.
Hong said the Chinese Government hoped that the Spanish side would deal with the issue in a just way according to law, protect the legitimate rights and interests of Chinese companies and personnel, and safeguard the sound development of China-Spain ties.
The Plaza Accord, signed in 1985, was an agreement among five nations to depreciate the U.S. dollar relative to the Japanese yen and the German Deutsche Mark by intervening in the currency markets.
来源：资阳报