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China has made overseas outsourcing research and development expenditure available to additional tax deduction, as part of its continuous efforts to ease tax burdens on enterprises and promote technology upgrades, said the State Administration of Taxation on Thursday.
China has become a leading reformer among large economies in improving the business environment, according to a report issued by the World Bank.
China did not achieve the goal of seeing the full convertibility of its currency as scheduled in the 12th Five-Year Plan (2011-15), though that was partly due to the global financial crisis in 2008 and world economic downturn that followed.
China has also learned lessons in handling challenges brought about by fintech, he said.
China has launched many measures－such as raising the debt-to-GDP ratio, extending government debt, increasing liquidity and lowering financing costs－to offset the impact of the pandemic.
来源：资阳报