Liao Min: The Third Plenary Session of the 20th Central Committee of the Party has made clear arrangements for deepening the reform of the fiscal and taxation system, and the Ministry of Finance has also formulated an implementation plan.

Liao Min, the Vice Minister of Finance, stated at the State Council Information Office's "High Quality Completion of the 14th Five-Year Plan" series of press conferences that the Third Plenary Session of the Twentieth Party Central Committee has made clear arrangements for deepening the reform of the financial and tax system. The Ministry of Finance has also formulated an implementation plan and annual work plans, which are currently being pushed forward. Next, according to changes in the situation, initiatives will be introduced when conditions are ripe.