In terms of this year's Government Work Report, reducing taxes and fees has become a hot topic for deputies to the NPC and members of the CPPCC. The report mentions that tax cut will be implemented on a larger scale this year, the burden of social security contributions for enterprises will be significantly reduced and the burden of enterprises taxes and social security contributions will be reduced by nearly 2 trillion yuan.
In this regard, Wu Liejin, deputy to the NPC, Vice-chairman of China Financing Guarantee Association and Chairman of Guangdong Join-Share Financing Guarantee Investment Co Ltd said that under the pressure of the economic downturn, these measures will bring great confidence to enterprises.
What signal does the Government Work Report send to small and medium-sized enterprises? And how will Foshan's private enterprises seize the opportunity to integrate into the development of Guangdong-Hong Kong-Macau Greater Bay Area? Click the video to see how Wu Liejin answers!