(Yicai) Dec. 28 -- China added an expected sum of CNY1.8 trillion (USD254.6 billion) of tax and fee cuts or deferrals in the first 11 months of this year to accelerate economic recovery.

The reduced fees or payment deferrals mainly target the manufacturing industry, private firms, as well as micro and small companies, per the State Taxation Administration.

China's policies to decrease corporate burdens are expected to change from inclusive and comprehensive to structural next year, many experts said to Yicai. There is little room for further large-scale tax and fee reductions after big cuts in recent years and the effect of such measures is decreasing, they added.

Almost 74 percent of the headline figure from January to November was made up of tax and fee savings of private firms and self-employed taxpayers. Within different sectors, the manufacturing, wholesale, and retail industry got 42 percent of the savings. Most of the big sum went to micro, small, and medium-sized firms, making up 62 percent of the total.

This year's preferential tax policies also benefit innovative high-tech enterprises as the share of weighted deduction of research and development expenses was raised to 100 percent from 75 percent.

Future policies will focus on efficiency and effect, per Luo Zhiheng, chief economist at Yuekai Securities. There will be structural tax and fee reductions that support scientific and technological innovation and the manufacturing industry, which will stabilize the macro tax burden while mitigating the side effect of debt surging too quickly, Luo added.

Many preferential tax policies of this year will only expire at the end of 2027, and the focus of next year is expected to be implementing these policies at great length.

Editors: Shi Yi, Emmi Laine