On October 18, 2019, the State Statistics Bureau released the Report on National Economic Performance in the Last Three Quarters, which attracted worldwide attention. Data show that although the “steady growth” policies of 2019 are more focused on stimulating the vitality and innovation of micro subjects, China’s GDP growth in the third quarter fell by 6.0% than expected, the lowest quarterly GDP growth ever recorded since 1992. What does the figure mean? Is China's economic growth at the risk of falling by more than 6% in the next stage? According to the tax revenue data issued by the Ministry of Finance, the substantial tax cuts and fee reductions have achieved notable effect in this year, but the steady growth trend has not been significant. How should we implement the policies of substantial tax cuts and fee reductions to promote “steady growth”? Yangtze IDEI held discussion with experts on these issues.
