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China's State Council executive meeting said on Tuesday that it is necessary to maintain normal growth of investment in line with the requirements of not relying too much on investment, not investing too much, and preventing big ups and downs; improve the export tax rebate policy; and increase credit support for foreign trade enterprises, especially small and medium-sized enterprises.
China Voice of the Central People's Broadcasting Station quoted China's regular meeting as saying that in order to further stimulate market vitality in the current complex international situation, one of the key measures is to increase the intensity of tax reduction and fee reduction through simplification of government, to effectively implement tax reduction and fee reduction measures, and at the same time to put forward plans to reduce social security premium rates and levy them. The system reform will be implemented synchronously.
"Since this year, the growth rate of investment in fixed assets in China has fallen, and investment in infrastructure in some places has declined year-on-year. We should implement the plan of the CPC Central Committee and the State Council and focus on making up for shortcomings to expand effective investment." The meeting said.
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The meeting pointed out that infrastructure, transportation backbone networks, especially agricultural infrastructure such as railway highways, hub and branch airports, water conservancy, key ecological and environmental protection projects, technological upgrading and pension facilities in the "three districts, three states" and other deep poverty-stricken areas should be strengthened, and financial institutions should be guided to support supplementary projects. In order to attract private capital to participate in the construction, the local government should put the funds raised by the special bonds into the supplementary board project.
In terms of tax reduction and fee reduction, the meeting stressed the need to follow the state council's clear "overall does not increase the burden of enterprises" has been deployed, in the institutional reform to ensure the stability of the existing social security premium collection policy, the relevant departments should strengthen supervision and strictly prohibit the centralized payment of enterprise historical arrears.


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