After the adjustment of the cutoff point, the number of taxpayers will drop by more than a half, approximately. It will live up to our legislative principle to care for the interests of low and medium-income groups.

Infrastructure investment can boost economic growth and employment, and, in fact, it is fiscally neutral.

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.

Austerity policy without currency devaluation can only hamper economic growth.

There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.

We learned from this hearing that people hope the cutoff point should be even higher.