At the Central Economic Work Conference held from December 10-12,2019,General Secretary Xi Jinping stressed that we must work vigorously to boost the quality and effectiveness of our proactive fiscal policy while attaching greater emphasis to structural adjustment.This represents a major decision and plan made by the CPC Central Committee on the basis of an accurate understanding of major domestic and international development trends,and an overall assessment of China’s economic and social development,which has provided direction and fundamental guidelines for this year’s fiscal policy.