增值税留抵退税
value-added tax credit refunds

China's latest arrangement on the issuance of large-scale value-added tax credit refunds will significantly boost market confidence, spur business investment and stabilize the overall economy amid downward pressures, experts said on Tuesday.
3月22日，专家称，面对经济下行压力，中国最新的大规模增值税留抵退税政策安排，将显著提振市场信心，刺激企业投资，稳定整体经济。

专家称，这一政策安排将有助于减轻小微企业以及主要制造业企业的成本负担（the arrangement will help alleviate cost burdens on micro and small businesses as well as enterprises in key manufacturing sectors），是不断完善增值税留抵退税制度（improve the system for refunding VAT credits）的重要之举。