lì gǎi shuì
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Chinese dictionary
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  • n.substitution of tax payment for profit; tax payments (made by state-owned enterprises) instead of profit deliveries to the state

    • tā zài jīng lì le fàng quán ràng lì lì gǎi shuì chéng bāo zhì yǐ hòu jī lěi le bù shǎo bǎo guì de jīng yàn qǔ dé le xiǎn zhù de chéng xiào

      经历放权让利利改税承包制以后积累宝贵经验取得显著成效

      After it experienced decentralization and interest concessions, substitution of tax payment for profit delivery and contract-system, it accumulated a lot of valuable experience and achieved remarkable performance.