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Potential intersection of fiscal policy and the special transport sector


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In today's complex and changing economic environment, fiscal policy plays a vital role. The 2021 China Fiscal Policy Report clearly points out that China's fiscal policy in 2020 successfully achieved stable economic growth and provided solid guarantees for social livelihood. The achievement of this result is inseparable from the precise implementation and effective investment of fiscal policy in various fields.

However, when we turn our attention to the transportation sector, especially those branches with special characteristics and important significance, we can't help but wonder: Can the influence of fiscal policy also be reflected in it? Take air transportation as an example. This field is highly dependent on technology, facilities and management. Its development and operation require huge financial support and policy guidance.

First, from the perspective of infrastructure construction, airport expansion, runway repairs, and the construction of air cargo terminals all require a large amount of capital investment. Fiscal policy can provide financial support for these projects through grants and subsidies, thereby promoting the continuous improvement of aviation transportation infrastructure. For example, some large airport construction projects, due to the huge investment amount, often require government financial support to proceed smoothly.

Secondly, in terms of technological research and development and innovation, the aviation transportation industry needs to continuously improve aircraft performance, optimize transportation processes, and improve safety. Fiscal policies can encourage companies to increase R&D investment, promote technological innovation, and improve the efficiency and competitiveness of aviation transportation by setting up special funds and providing tax incentives. For example, the government can give certain financial rewards to companies that develop new energy-saving aircraft to promote the sustainable development of the aviation transportation industry.

Furthermore, personnel training and education are also important links in the development of the aviation transportation industry. Cultivating high-quality pilots, maintenance personnel and management personnel requires a lot of resources. Fiscal policies can provide talent guarantee for the aviation transportation industry by subsidizing training costs and supporting educational institutions to carry out relevant professional training.

At the same time, fiscal policy can also play a role in regulating market supply and demand and optimizing resource allocation. For example, during economic downturns, by reducing taxes, providing loan concessions and other policies, we can stimulate demand in the air transport market and promote the recovery and development of the air transport industry.

In summary, although the aviation industry has its own particularity and complexity, fiscal policy undoubtedly plays an important role in its development. Through reasonable policy formulation and effective implementation, it can provide strong support for the sustained and healthy development of the aviation industry, thereby promoting the progress of the entire economic society.

However, we must also be aware that the role of fiscal policy is not unconditional. In actual operation, we need to fully consider factors such as market rules, industry characteristics and policy sustainability. Only within a scientific and reasonable framework can fiscal policy truly play its due role and bring more opportunities and development space to the aviation transportation industry and other fields.