Han Zheng, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, held a meeting with finance and taxation departments at the Ministry of Finance on June 10. He stressed that under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the CPC Central Committee and the State Council should earnestly implement the decisions and arrangements of the CPC Central Committee and the NPC and CPPCC, implement the requirements of the NPC and CPPCC, do a solid job in ensuring stability and ensuring economic and social development.

Han Zheng pointed out that since the beginning of this year, the finance and taxation departments have earnestly implemented the requirement of active fiscal policies to be more active and effective, and achieved notable results in all aspects of the work. Going forward, we need to further strengthen the overall picture, strengthen coordination, form synergy, amplify the effect of policies, and provide strong support for the smooth operation of the economy and overall social stability.

Han Zheng stressed that the situation should be clearly understood and the bottom line should be firmly established. We need to take the lead, strengthen confidence and resolve, do our own things well, take the initiative in seeking self-improvement, and stabilize the basic economic fundamentals. We will implement policies to reduce taxes and fees that should be reduced in full and those that should be reduced in full. We will ensure that funds go directly to the city and county levels and benefit enterprises and the people, and ensure that the bottom line of the "three guarantees" at the grassroots level is fully secured. We need to be results-oriented and use the direct feelings of local governments, market entities and the people to measure the effectiveness of policies. We will manage and use local government bond funds well, adhere to and improve relevant systems, and steadily and orderly defuse local government debt risks and hidden dangers. We need to support the three major battles, ensure the completion of poverty alleviation targets, support the implementation of major strategies for regional development, and address new problems in regional development in a targeted way. We should increase investment in science and technology, support reform of the science and technology system, strengthen basic research in accordance with scientific rules, and focus on key and core technologies to make major scientific and technological breakthroughs. We will strictly and strictly manage government spending, strengthen follow-up oversight, and make the use of government funds more efficient.

Source: Ministry of Finance, PRC