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BEIJING, Dec. 21 (Xinhua) -- The central government will make fiscal policy more forceful and monetary policy more flexible to keep growth within a proper range in 2016, with an emphasis on structural reforms, an official statement showed Monday.
"New situations have arisen in the practice of the 'One Country, Two Systems' principle in Hong Kong in recent years," said Xi, when he met with HKSAR Chief Executive Leung Chun-ying, who is in Beijing to report his work in the past year to the central government.
China hopes the Iran nuclear deal, the Joint Comprehensive Plan of Action (JCPOA), can be implemented smoothly, Xi said, noting that China is willing to see Iran strike a brand-new pose on regional and international stages.
To make headway in VAT reform, it is necessary to motivate market entities, the statement said. The government may face some losses in fiscal revenue in the short term, but this will be balanced by future growth, the statement added.
To make headway in VAT reform, it is necessary to motivate market entities, the statement said. The government may face some losses in fiscal revenue in the short term, but this will be balanced by future growth, the statement added.