China's tax and fee cuts, deferrals help stabilize macroeconomy

China's combined tax and fee support policies have helped ease the burden on market entities and stabilize the macroeconomy, official data showed on Sept 29.
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2022-09-30 08:00:00
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Deficit, GDP, spending under macroeconomy spotlight

As COVID-19 continues to affect economies, China's deficit to GDP ratio this year is likely to remain at a level slightly higher than usual, experts and analysts said on Feb.21.