Economic Transformation Development in Shanxi

Abstract

Shanxi is one of the most typical provinces in China that mainly rely on mineral resources to develop economy. While making great contributions to the national economic development, many problems such as the imbalance of industrial structure, the deformity of ownership structure and the primary factor endowment have become more and more prominent, which have seriously affected the sustainable economic development of the whole province, and the transformation and reform is particularly urgent. As an important economic lever and regulation tool, fiscal and tax policies play an important role in promoting economic transformation. Therefore, it is necessary to conduct in-depth research on how to innovate fiscal and tax policies and deepen fiscal and tax system reform, so as to provide ideas and basis for government decision-making.