Connect with us

Hi, what are you looking for?

Imsilkroad

【Financial Str. Release】China to further cut corporate costs

Abstract : China will further cut taxes and fees to boost the vitality of market entities, the country's top economic planner said Tuesday.

BEIJING, May 10 (Xinhua) — China will further cut taxes and fees to boost the vitality of market entities, the country’s top economic planner said Monday.

China will mobilize financial resources to support the real economy, reduce government-imposed transaction costs, and cut labor costs for firms, said a notice released by the National Development and Reform Commission and three other ministries.

The country will also reduce logistics costs, cancel or lower some highway and civil aviation port charges, and improve transport and logistics infrastructure, the notice said.

It added that efforts would be made to improve the capital turnover of firms and ensure timely payments to small and medium-sized enterprises.

China will maintain the continuity and sustainability of macro policies this year to keep the operation of the economy within an appropriate range, according to this year’s government work report.

The country will continue to implement systematic tax cut policies, extend the duration of several temporary policies such as value-added tax relief for small-scale taxpayers, and adopt new policies on structural tax reductions to offset the impact of some policy adjustments, the report said. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: 【Financial Str. Release】China to further cut corporate costs

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...