Highlights from Premier Li's news conference

chinadaily.com.cn Updated: 2022-03-11

Highlights from Premier Li's news conference3.jpeg

Premier Li Keqiang meets the press after the closing of the fifth session of the 13th National People's Congress on March 11. [Photo/Xinhua]

On financial policy

- Fee and tax reduction most direct, fair and effective measure to help businesses 

- Li highlights 2.5 trillion yuan in tax cuts and refunds

- China will give priority to small and micro enterprises in its tax rebates to help them navigate difficulties

- Central government's transfer payments to local governments will reach 9.8 trillion yuan this year

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