The tax cuts have stirred up lively debates among NPC deputies. Some Chinese workers and business owners though are already planning what they'll do with the extra money they'll save. CGTN's Hou Na spoke to a number of NPC deputies to see what's really in store.

HOU NA BEIJING "In the government work report, Premier Li keqiang has outlined a roadmap to improve the quality of economic growth. He stressed the importance of boosting innovation and the support of private sectors. Eastern China's Shandong Province is well-known for its Confucius culture. In the economy, it's heavily invested in industrial and manufacturing sectors. And they are now holding a panel discussion on the government work report."

Deputies from Shandong Province shared their views on optimizing the business environment and promoting high-quality development of the private economy. The 2019 tax cut plan, which is more aggressive than last year's, will focus on lowering value-added tax rates.

The government will reduce the current rate of 16 percent in manufacturing and other industries to 13 percent, and lower rates in transportation, construction, and other industries from 10 to 9 percent.

QIN YUFENG NPC DEPUTY "For Shandong province, the three percent deduction in the Value Added Tax will reduce the burden by about thirty billion yuan. I can foresee the substantial benefit of the policy."

Deputy Zheng Yueming runs a high-tech manufacturing company. He was not expecting a tax cut plan this big. Zheng had calculated how much money he could save and was surprised to see the number.

ZHENG YUEMIN NPC DEPUTY "I was so excited after hearing the report. I called my accountants immediately and they told me that we could save fifty million yuan thanks to the tax deduction."

Zheng said the money he'll save will be put toward technology innovation. He hopes for more top-level designs and policies for private enterprises on market access. And he hopes for even stronger enforcement of these policies down the road. HOU NA, CGTN, BEIJING.