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China cuts 2.8 trillion yuan in tax, fees in 2025 to support innovation, manufacturing

NAMPA / Xinhua
2026-01-28
BEIJING, Jan. 28 (Xinhua) -- China's tax and fee cuts as well as tax refunds to support sci-tech innovation and manufacturing exceeded 2.8 trillion yuan (about 401.4 billion U.S. dollars) last year, tax authorities revealed Wednesday. The incentives have greatly facilitated the development of new quality productive forces, said Hu Jinglin, head of the State Taxation Administration, at a national taxation work conference. The country's total......
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