The year 2017 is the second year of the implementation of the 13th Five-year Plan，and it is also the second year that Chinese decision-makers put forward the Supply-side Structural Reform. This year，the fiscal policy in China has shown shifts from proactive to proactive and effective，and from the demand-side aggregate to the Supply-side Structural adjustment. China’s proactive and effective fiscal policy focuses on promoting and implementing Supply-side Structural Reform and fully embodying its advantages of structural adjustment. In 2017，China’s fiscal policy covers a wide range of fields，mainly focusing on agriculture，mass entrepreneurship and innovation，foreign trade，ecological civilization construction，Public-Private Partnership，local government debt management and so on. It has played an important role in stabilizing economic growth，lowering the cost of the real economy，promoting Supply-side Structural Reforms，optimizing the economic structure，advancing reform of the fiscal and taxation systems，and promoting the development of the social undertakings.