China is likely to extend its current value-added tax credit refund policies to seven more industries, including wholesale and retail, agriculture, accommodation and catering, education, social work, entertainment and sports.

中国可能将目前的增值税留抵退税政策扩大到批发和零售、农业、住宿和餐饮、教育、社会工作、娱乐和体育等7个行业。

The move is expected to increase this year's tax refunds by 142 billion yuan ($21.23 billion) to 1.64 trillion yuan.
预计新增留抵退税1420亿元，今年出台的各项留抵退税政策新增退税总额达到约1.64万亿元。

Experts believe the move will bring wide-ranging benefits to market players, and revitalize the country's production and supply chains comprehensively.
专家认为，此举将使市场参与者普遍受益，并全面重振生产和供应链。