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17 numbers will help you understand China’s KPIs in 2022. How to interpret these 17 numbers?

These 17 figures need to be interpreted from four aspects, involving the economy, rural areas and farmers, people's livelihood, and tax refunds and reductions.

It basically covers many areas involved in my country's development in the next year, and also points out my country's overall goals in the next year.

Every year's government report requires a good interpretation for most people to understand how our country will develop in the future.

But many people have trouble understanding government reports.

In fact, if you break it down, you can understand it quickly.

First, the economic sector must reduce deficits while increasing public fiscal expenditures.

The economic field involves the largest number of figures. On the one hand, my country’s GDP growth target for the next year must be clearly stated.

It is currently set at 5.5%, which is generally a conservative number.

At the same time, we must control my country's consumer price at around 3% and reduce the national fiscal deficit rate.

At the same time, public expenditure will be increased by 3.9%, and the central budget investment arrangement is 640 billion yuan.

The scale of fiscal expenditure increased by 2 trillion yuan compared with the previous year.

Second, people’s livelihood and rural areas.

The reason why these two areas are put together is that they mainly involve food and employment, which we ordinary people are most concerned about.

In the next year, my country's grain output will remain above 1.3 trillion kilograms, and at the same time, 100 million acres of high-standard farmland will be built.

It is necessary to increase the urban employment population by 11 million and maintain the urban unemployment rate below 5.5%.

At the same time, it is necessary to increase job training and insurance funds by 100 billion yuan.

The cost of caring for infants and young children under the age of three must also be included in the special additional tax on personal income tax for deduction to reduce the burden of childcare.

Third, tax refunds and tax reductions exceed those in previous years.

This year's tax rebates and tax reductions will not only reach 2.5 trillion yuan in personal tax rebates, but also reduce and reduce the income tax of small and micro enterprises.

The corporate income tax will be halved for the amount from 1 million yuan to 3 million yuan, which is very beneficial to many small and micro enterprises.

At the same time, subsidies should be increased for companies with R&D capabilities.

The tax deduction for R&D expenses has been increased from the initial 75% to 100%.