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BEIJING, Feb. 22 (Xinhua) -- China will continue to implement1 a proactive fiscal2 policy this year amid complicated economic environments both at home and abroad, Minister of Finance Xie Xuren said Wednesday.
In an article published on the ministry's website, Xie emphasized the important role of fiscal policy in maintaining China's growth.
The country's fiscal deficit3 and government debt ratio both remain within a safe zone, giving room for the government to maintain its proactive fiscal policy, Xie said.
China's economy grew at its slowest pace in 10 quarters during the last quarter of 2011. Its fiscal revenue jumped 24.8 percent year-on-year to hit a record high of 10.37 trillion yuan (1.65 trillion U.S. dollars) last year.
"It's necessary and possible to continue implementing4 the proactive policy," Xie said.
The central government's infrastructure5 investment will remain at a "reasonable" level this year, focusing on the construction of affordable6 housing projects, building new water conservancy projects in rural areas, emission7 reduction and energy-saving, as well as the development of emerging strategic industries, he said.
Xie said China will enhance support for micro- and small-sized enterprises, lower import tariffs8 on some commodities and increase imports of energy, resources and advanced equipment.
The country will also push resource tax reforms forward in 2012 and promote property taxes on a trial basis, Xie said.
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1 implement | |
n.(pl.)工具,器具;vt.实行,实施,执行 | |
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2 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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3 deficit | |
n.亏空,亏损;赤字,逆差 | |
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4 implementing | |
v.实现( implement的现在分词 );执行;贯彻;使生效 | |
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5 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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6 affordable | |
adj.支付得起的,不太昂贵的 | |
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7 emission | |
n.发出物,散发物;发出,散发 | |
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8 tariffs | |
关税制度; 关税( tariff的名词复数 ); 关税表; (旅馆或饭店等的)收费表; 量刑标准 | |
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