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China to slash port, aviation fees to lower business burden

Abstract : China plans to cancel port construction fees and further cut civil aviation development fund levies to lower enterprises' burden and improve business environment, according to the Ministry of Finance.

BEIJING, March 24 (Xinhua) — China plans to cancel port construction fees and further cut civil aviation development fund levies to lower enterprises’ burden and improve business environment, according to the Ministry of Finance.

The port construction fees should be cancelled starting Jan. 1, 2021, according to an online statement released by the ministry.

Meanwhile, civil aviation development fund contributions from airlines will be further cut by 20 percent starting April 1, 2021, on top of a 50-percent reduction that has been implemented earlier, it said. Enditem

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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: China to slash port, aviation fees to lower business burden

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