On February 21st, Finance Minister Lan Fo’an published an article in People’s Daily titled “Implementing More Active Fiscal Policies to Promote Continuous Economic Recovery and Improvement”. It is mentioned that we will fully implement the fiscal work tasks for 2025. Promote the construction of a modern industrial system and facilitate the smooth transition of new and old development drivers. Efforts will be made to enhance technological innovation capabilities, increase central government investment in science and technology at the local level, and fully support key core technology research and development. Accelerate the promotion of industrial transformation and upgrading, support the implementation of high-quality development actions for key manufacturing industry chains, strengthen support for the transformation of new technologies in the manufacturing industry, deeply implement the reward and subsidy policies for specialized, refined, unique and new small and medium-sized enterprises, and organize the third batch of pilot cities for digital transformation of small and medium-sized enterprises. Strengthen support for enterprise relief, introduce management measures for the development of government financing guarantees, and alleviate the problem of difficult and expensive financing for small and micro enterprises and other business entities. Establish a sound long-term mechanism for regulating enterprise fees, and resolutely prevent problems such as arbitrary fees, fines, and levies.
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