As of the end of the first half of the year, China has accumulated a total of 9.9 trillion yuan in tax cuts and fee reductions.

This morning, the State Council Information Office held a series of themed press conferences on "high-quality completion of the '14th Five-Year Plan". A relevant official from the State Administration of Taxation introduced that from 2021 to the first half of this year, the country has accumulated a total of 9.9 trillion yuan in tax cuts and fee reductions. It is expected to reach 10.5 trillion yuan by the end of this year, with an average annual increase of more than 2 trillion yuan, providing strong momentum for China's high-quality development.