[In the first eight months of this year, China reduced taxes and fees by 245.4 billion yuan to support the development of health and wellness undertakings] On October 12, the latest tax data released by the State Administration of Taxation showed that from January to August this year, China reduced taxes and fees by more than 200 billion yuan to support the development of health and wellness undertakings. The health and wellness industry has shown a rapid development trend. Tax data shows that from January to August this year, the current major policies to support the development of health and wellness services have reduced taxes and fees by a total of 245.4 billion yuan. Among them, the medical services provided by medical institutions are exempt from value-added tax and other policies that support the optimization of health services have reduced taxes and fees by 92.6 billion yuan; community care, childcare, and housekeeping institutions are exempted from value-added tax, and premium income from health and elderly care-related personal insurance products are exempt from value-added tax. Policies that support the development of the health industry and improve health security have reduced taxes and fees by 152.2 billion yuan. Under the influence of tax incentives and various policies, the health and wellness industry has shown rapid development. Value-added tax invoice data shows that from January to August 2026, the sales revenue of the medical equipment and equipment manufacturing industry increased by 16.9% year-on-year, and the sales revenue of the health service industry increased by 15.7% year-on-year. The foundation for high-quality development in the health and health field continues to be consolidated. (CCTV News)