In April this year, the general public budget revenue in the country increased by 11% year-on-year, while the cumulative total from January to April increased by 12.9% year-on-year. Among them, the tax revenue in April increased by 14.6% year-on-year. It is noteworthy that China's economy grew at the rate of 6.7% in the first quarter, far below the fiscal revenue growth of the same period, and less than half of the growth rate of tax revenue in the previous four months. Anbound believes an important reason for this significant difference is that China's internal taxation efforts have been greatly strengthened. Taxes that were not collected in the past have now been collected. The current macroeconomic environment is not satisfactory, but tax collection and management continues to tighten and strict, and the pressure on Chinese companies will be even greater.