China has been committed to cutting taxes and fees for enterprises and employees in recent years in a bid to boost investment and consumption. Total taxes and fee cuts reached about 1.3 trillion yuan last year.
近几年，我国一直致力于对企业和个人减税降费，以促进投资和消费。去年减税降费总额达1.3万亿元。

【相关词汇】

增值税 value-added tax

企业所得税 enterprise income tax

免税 tax exemption

减税 tax reduction, tax cut

收入分配 distribution of income

避税地 tax haven

Monetary stance 货币政策

The annual Central Economic Work Conference said China will keep the prudent monetary policy "neither too tight nor too loose" this year while maintaining market liquidity at a reasonably ample level. 
中央经济工作会议表示，今年我国将继续保持审慎的货币政策，要松紧适度，保持流动性合理充裕。

【相关词汇】

定向降准 targeted RRR cut

注入流动性 inject liquidity

货币政策工具 monetary policy tools

公开市场操作 open market operation, OMO

逆回购 reverse repurchase agreement, reverse repo