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        China pledges stronger fiscal policies for high-quality development

        Updated: 2023-03-03

        China will continue to improve its proactive fiscal policies, boost consumption and investment, and help businesses further to support high-quality development this year, officials said on Wednesday.

        The government will fully implement the strategy of expanding domestic demand, and spur consumption to promote the recovery and upgrading of the consumer market.

        China's combination of tax refunds, as well as tax and fee cuts and deferrals, hit 4.2 trillion yuan in 2022. Such tax support policies will continue to help enterprises tide over difficulties and stabilize the economy this year, official said.