China and the United States are competing with each other in areas such as trade and investment while internally pushing for tax cuts and other cost-cutting measures to promote economic development. However, the tax reduction policies of China and the United States differ from each other in their focus. Tax cuts in the United States mainly focus on the reduction of corporate taxes, which is to stimulate corporate investment and attract overseas American companies to return to the U.S. market. While China is lowering its import tariffs, the policy aims to increase consumption. In our opinion, promoting tax relief for business investment should become an important policy objective for China.