The business environment is good, and the enterprise is full of vitality (Rui Finance·Why is China's economy going ④)
6.243 million households-The State Administration of Taxation recently announced the number of new tax-related market entities in the first half of the year. This figure increased by 27.3% compared with 2020 and 22.8% compared with 2019.
The rapid growth in the number of market entities is an important manifestation of the continuous improvement of China's business environment and the continuous release of market vitality.
Persistent precision drip irrigation and intensive farming have helped hundreds of millions of market players to grow and strengthen, attracting more and more people to invest and start businesses.
Looking forward to the "second half" of China's economy in 2021, as the reform of "delegation, regulation, and service" continues to deepen, the vitality of market players will be further stimulated.
Market players continue to grow
"The precise push of policy packages for small and micro enterprises gives us full confidence in our operations." Chen Tianjian, head of Chengdu Aoya Thunderbird Technology Co., Ltd., introduced that the company's monthly sales are between 100,000 and 150,000 yuan. "Since this year, The VAT threshold for small-scale taxpayers has been increased from 100,000 yuan in monthly sales to 150,000 yuan. The burden on enterprises is reduced and everyone is more motivated."
The market players have the most say in how much room for development in the Chinese market and the business environment are.
Looking at the newly established market entities, the vitality of innovation is accelerating.
Among the 6.243 million new tax-related market entities in the first half of the year, private economic entities reached 6.171 million, an increase of 27.4% over the same period in 2020, accounting for 98.9%.
Individual industrial and commercial households have sprung up after the rain. The number of newly established individual industrial and commercial households accounted for 2.842 million, a year-on-year increase of 28.3%.
Looking at the status of production and operation, market players in various industries are growing vigorously.
According to data from the National Bureau of Statistics, in the first half of the year, the profits of industrial enterprises above designated size increased by 66.9% year-on-year, and their operating income increased by 27.9% year-on-year.
As of July, the Manufacturing Purchasing Managers Index (PMI) has been in the prosperous range for 17 consecutive months, and the confidence of market entities has continued to improve.
Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce Research Institute, said in an interview with this reporter that China’s economic recovery momentum has been outstanding in the world’s major economies this year, the business environment has continued to improve, and the threshold for attracting foreign investment has been continuously reduced. It provides a broad stage for the growth and expansion of many market players.
Tax reduction and fee reduction are effective
Continuous large-scale tax cuts and fee reductions have been "real money", and the taxation business environment has been continuously improved to help market players recover their vitality and enhance their vitality.
During this period of time, Ningbo Jinshan Shuanglu Battery Co., Ltd.'s "5G+Future Factory" strategy has been implemented in full swing.
This strategy has a high investment cost and a long return period, and the company was once faced with greater financial pressure.
The head of the company’s finance, Yu Chaoying, said: “Preferential tax policies have brought “timely rain” to the development of the enterprise!” In addition to enjoying the value-added tax refund, the “Future Factory” also reduced taxes and fees of 16.2 million yuan in the first half of the year.
Since the beginning of this year, China has continued to implement systemic tax reduction policies and continued to release the superimposed effects of policies.
Classify adjustments to the phased tax and fee reduction policies, extend the implementation period of the small-scale taxpayers' value-added tax reduction policies introduced during the epidemic period, and maintain the necessary support for economic recovery.
At the same time, a new structural tax reduction policy was introduced.
Strengthen the tax incentives for small and micro enterprises, increase the value-added tax threshold for small-scale taxpayers, and further increase the income tax incentives for small and micro enterprises and individual industrial and commercial households, and the part of small and micro enterprises and individual industrial and commercial households whose annual tax payable is less than 1 million yuan , On the basis of the current preferential policies, the income tax will be halved again.
Various tax and fee reduction policies have been implemented and are expected to reduce the burden of market entities by more than 700 billion yuan throughout the year.
Encourage innovation and creation, and enterprises will get more support.
"This year, the state will increase the rate of deduction for R&D expenses to 100%, which is a major benefit for manufacturing companies. In the first half of the year alone, we have enjoyed a corporate income tax reduction of approximately 230 million yuan." In Qingdao Economic and Technological Development Zone, Hisense Video Li Jia, the financial manager of the Science and Technology Co., Ltd., worked out an account.
A series of "decentralization, management and service" measures have reduced business costs.
"Vigorously promoting preferential policies for tax reduction and fee reduction, direct access to quick enjoyment, can effectively alleviate the financial pressure of market entities, provide tax incentives, and give play to the effectiveness of fiscal policy." said Li Xuhong, director of the Institute of Fiscal Policy and Application of Beijing National Accounting Institute.
Continuous optimization of the business environment
The growth of market entities depends on a good business environment.
——Accurate drip irrigation of financial running water helps market players reduce financing costs.
According to data from the People's Bank of China, as of the end of June, the balance of China's inclusive small and micro loans was 17.7 trillion yuan, a year-on-year increase of 31%, benefiting 38.3 million small and micro business entities.
—— "Decentralization, management and service" reform intensive cultivation to improve the convenience of market entities.
Starting from July 1, the management of the full-coverage list of business license matters involving enterprises has been implemented nationwide, and the reform of the examination and approval system has been promoted in different categories.
"Separation of licenses and licenses" lowers the threshold for enterprises to "permit operation", and effectively alleviates the problems of "multiple licenses" and "difficulties" for enterprises.
——Policies support fine cultivation, and the soil for enterprise innovation and development is deeper.
In recent years, China has established a gradient cultivating system for high-quality enterprises, cultivating three batches of 4,762 "little giant" enterprises, and five batches of 596 individual champion enterprises, driving the cultivation of more than 40,000 provincial-level specialized new small and medium-sized enterprises.
Xu Xiaolan, Deputy Minister of Industry and Information Technology, recently introduced that during the "14th Five-Year Plan" period, the state will focus on supporting the high-quality development of more than 1,000 state-level specialized and new "little giant" enterprises, driving about 10,000 small and medium-sized enterprises to grow into the country. Class-specific, special new "little giant" enterprise.
The continued optimization and implementation of tax and fee reduction policies will also release more dividends for market players.
Vice Minister of Finance Xu Hongcai said that the next step will be to resolutely implement the policy of fine-grained tax and fee reduction, focus on optimizing the implementation mechanism, clean up and standardize various types of illegal charges for enterprises, so that enterprises have more sense of gain.
Bai Ming said that the continuous optimization of the business environment and the competitive environment can provide a good platform for enterprise innovation and development, thereby boosting market participants' confidence and expectations for the continued recovery of China's economic growth.
Wang Wenzheng