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The revisions addressing law-based taxation are expected to be finalized in the coming few days. For Zhao, it is biggest duty on her mind.
We have been effectively implementing proactive fiscal policy and prudent monetary policy. We increased targeted tax reductions, reduced fees across the board, extended the coverage of tax relief policies to benefit more small and micro businesses, and expanded the trials to replace business tax with VAT to cover more industries. We sped up the process of making budgetary funds available for fiscal expenditures and put surplus budgetary funds to good use. By flexibly utilizing monetary policy instruments, making targeted cuts to required reserve ratios, carrying out targeted re-lending, and making asymmetric interest rate cuts, we stepped up support for weaker areas in economic and social development. Increases in loans made to small and micro businesses, and loans for agriculture, rural areas, and farmers, outdid the average increase in loans overall by 4.2 and 0.7 percentage points respectively. At the same time, regulation of the financial sector was improved and regional and systemic risks were forestalled.

BEIJING, March 13 (Xinhua) -- The State Council, China's Cabinet, decided to further streamline administrative power by canceling or delegating 90 administrative approvals to local governments.
In her speech at the opening ceremony, German Chancellor Angela Merkel thanked Chinese Premier Li Keqiang for his kind greetings. She pointed out that China is the biggest trading partner of Germany in Asia and an important partner of Germany in high-tech research and development.
-- The quality of development was raised. Revenue in the general public budgets grew by 8.6%. Research and development spending accounted for more than 2% of the GDP. Energy intensity was cut by 4.8%, the biggest reduction made in recent years.
来源:资阳报