No 8 Proactive fiscal policy will focus more on structural adjustment

In 2018, China will maintain its proactive orientation toward fiscal policy while the structure of fiscal spending should be optimized.

The priority of this year's work is to promote supply-side structural adjustment, improve people's well-being, and give impetus to tax and fee cuts and tax system reforms.

Fiscal policies will support key industries' development, optimize financial expenditure structures and improve the efficiency of the use of financial resources to increase the quality and efficiency of economic development in the future.