Significance: Reduce and standardize the financial affairs of the central and local governments, and moderately strengthen the financial affairs of the central government, with the purpose of ensuring the local governments to fulfill their financial affairs. According to the query of State Taxation Administration of The People's Republic of China, the significance of tax reduction and fee reduction is to reduce and standardize the financial affairs of the central and local governments, and moderately strengthen the financial affairs of the central government, with the aim of ensuring the local governments to fulfill their financial affairs. Tax reduction and fee reduction include tax reduction and cancellation or suspension of administrative fees.