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The coordinated development of China's fiscal policy and the new economic form


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In 2020, the global economy faced huge challenges, but the Chinese economy was able to achieve stable growth in difficult times, and social livelihood was effectively guaranteed. Behind this achievement, China's fiscal policy played a vital role. As pointed out in the "2021 China Fiscal Policy Report", a series of precise and effective fiscal policy measures have injected strong impetus into economic recovery and development.

However, when we delve deeper into this phenomenon, we find an interesting new perspective: the rise of the new economic form is inextricably linked to fiscal policy. The new economic form, with its innovative model and efficient operation, is gradually changing the way we live and the way the economy operates. Although it is different from the traditional economy in terms of form, in essence, it is consistent with the goal of fiscal policy, which is to promote economic development and social progress.

So, how does the new economic form interact with fiscal policy? Take online shopping as an example. Its rapid development has not only changed people's consumption habits, but also had an impact on the implementation of fiscal policy. On the one hand, the prosperity of online shopping has driven the development of related industries, created a large number of employment opportunities, and thus increased tax revenue; on the other hand, in order to support the development of online shopping, fiscal policy has also provided corresponding support in terms of tax incentives and infrastructure construction.

Similarly, in the field of logistics and distribution, the application of new technologies has greatly improved logistics efficiency. Innovative means such as smart warehousing and drone delivery have not only reduced logistics costs, but also improved service quality. Fiscal policies have further promoted the upgrading and development of the logistics industry through subsidies and support for logistics companies.

In addition, the development of new economic forms has also put forward new requirements for the formulation and adjustment of fiscal policies. With the continuous emergence of new models such as the digital economy and the sharing economy, traditional fiscal policy tools may need to be innovated and optimized to adapt to the new economic situation. For example, in response to the taxation of data assets in the digital economy, new tax policies need to be formulated to ensure the fairness and efficiency of taxation.

In short, the coordinated development of China's fiscal policy and the new economic form is a process of mutual promotion and common progress. In the future development, we need to continue to explore and innovate to achieve sustainable economic development and social prosperity and stability.