China's tax and fee revenues are expected to exceed 155 trillion yuan during the 14th Five-Year Plan period (2021-2025), further consolidating the country's fiscal foundation, said Hu Jinglin, commissioner of the State Taxation Administration (STA), at a press conference in Beijing on Monday.
The press conference was sponsored by the State Council Information Office, featuring the progress of China's tax reforms during the 14th Five-Year Plane period.
"During the 14th Five-Year Plan period, China's economy maintained steady growth. The tax and fee receipts collected by the taxation departments are expected to exceed 155 trillion yuan (about 21.7 trillion U.S. dollars), accounting for about 80 percent of the total fiscal revenue. Among them, tax revenue (before deduction of export tax rebates) is expected to surpass 85 trillion yuan, 13 trillion yuan more than that during the 13th Five-Year Plan period (2016-2020). The cumulative revenue from collecting social insurance fees and land transfer fees taken by the taxation departments are expected to total over 7 trillion yuan. Our country's financial foundation for economic and social development, as well as for the improvement of people's livelihood, has been continuously consolidated," said Hu.
Tax revenue to top 155 trillion yuan in 5-year period
Tax revenue to top 155 trillion yuan in 5-year period
Tax revenue to top 155 trillion yuan in 5-year period
Chinese President Xi Jinping awarded Serbian President Aleksandar Vucic the Friendship Medal of the People's Republic of China in Beijing on Monday.
As solemn music played and the golden doors slowly opened, Xi and Vucic entered the hall together, followed by Xi's wife Peng Liyuan and Vucic's wife Tamara Vucic.
Applauding guests rose to their feet, and paid respect to the two heads of state.
A Guard of Honor escorted the Friendship Medal into the hall, and amid solemn music, Xi formally presented the medal to Vucic.
Xi highlighted Vucic's long-standing commitment to advancing China-Serbia friendship and underscored the significance of the honor.
"President Vucic has long stayed committed to China-Serbia friendship, and he has always given China the firmest and clearest support on issues concerning China's core interests and major concerns. He gains the respect from the Chinese people. This medal is not only a high recognition of President Vucic's contributions to bilateral friendship, but also carries the earnest expectations of both peoples for building a China-Serbia community with a shared future in the new era," Xi said.
The Friendship Medal is China's highest state honor for foreigners, reserved for those who have made outstanding contributions to China's modernization drive, promoting exchange and cooperation between China and the world, and safeguarding world peace.
At the invitation of Xi, Vucic is on a state visit to China from Sunday to Thursday, with this marking his first state visit to China and his ninth trip to the country overall.
Xi awards Serbian President Aleksandar Vucic China's friendship medal
