Reflection on Chinese Fiscal (Tax) Countermeasures Against Epidemic of COVID-19

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di Yan He


COVID-19 epidemic has been a challenge for the world. China based on the experience in SARS, responded rapidly, and issued a broad range of fiscal countermeasures to achieve multiple aims. The fiscal countermeasures can be understand better under Chinese  political, economic and cultural background, especially a centralized and high mobilization ability system. The measures mainly achieved the primary goals, but there is still room to improve, which includes the improvement of the current fiscal laws. For the challenges in the near future, China will use more tax cut and saving government expenditure to overcome.