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Tax and fee cut efforts to be strengthened this year: NDRC

chinadaily.com.cn | Updated: 2020-07-17 11:08
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Tax officials talk with a factory worker about tax-cut policies, in Shijiazhuang, Heibei province, on Dec 10, 2019. [Photo/Sipa]

China will strengthen tax and fee reduction efforts this year, said the National Development and Reform Commission on Friday.

The amount of taxes and fees cut has currently exceeded 1 trillion yuan, said the top economic planner.

All indicators of the country's major provinces for economic development are further picking up, which provides conditions and foundations for China's economy to maintain its trend to stabilize and recover.

About 7.39 million enterprises were newly registered in 2019, up 10.3 percent year-on-year, and about 20,200 enterprises were newly established each day on average throughout the year, said Yuan Da, spokesman for the National Development and Reform Commission.

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