Tax, fee cuts, spending to support 2019 fiscal policy

Many more tax and fee cuts and stronger government spending are the two pillars supporting China's proactive fiscal policy in 2019, focusing on improving the business environment and boosting infrastructure investment, Finance Minister Liu Kun said in an interview on Friday.

A larger amount of tax and fee reductions, compared with about 1.3 trillion yuan ($192.9 billion) in 2018, will be put in place this year, especially for manufacturing and small companies, Liu told Xinhua News Agency.

"No matter the total amount or as a share of the GDP, the tax and fee cuts last year were higher than any other country in the world, and they have effectively lowered costs for the real economy," Liu said.