Reduce Tax and Alleviate the Burden

’Tax reduction’ must be one of the key words of the Chinese economy in2018, during which various preferential tax policies were successively issued and tax-cut bonuses are continuously released. Since the beginning of the year, China has set a target of RMB 1.1trillion in tax reductions throughout the year. In the second half of 2018, incremental policies were introduced. It is estimated that the annual economic burden will be reduced by more than RMB1.3 trillion in 2018.This series of preferential policies