Recently, data released by the tax department shows that the manufacturing industry is a sector with a large scale of tax reduction and fee reduction. Since 2018, the cumulative increase in tax reduction, fee reduction, and deferred tax refunds has exceeded 3.5 trillion yuan. According to statistical data, by 2022, the tax burden of manufacturing enterprises will decrease by 23.3% compared to 2017, with the equipment manufacturing industry experiencing a significant decrease of 29.5% in tax burden....

The world economy is recovering, but its recovery momentum is weak and there have been short-term setbacks. However, the Purchasing Managers' Index of China's manufacturing industry reached 51.9% in March, running in an expanding range for three consecutive months, indicating that the Chinese economy is still steadily recovering and will play a key role in the global economic recovery.