USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China to standardize business charges

Xinhua | Updated: 2017-05-06 11:05

BEIJING — China will standardize business charges to clarify and lower business costs, China's top economic planner said Friday in an online statement.

Improper service charges on companies will be canceled while those which are unreasonably high will be lowered, according to a statement released by the National Development and Reform Commission.

Specifically, brokerage businesses should not take advantage of government influence to make charges. Industry associations should not make mandatory charges.

By the end of August, China's central authorities will conduct random checks on business charges, the statement said.

China has made significant progress cutting administrative charges and reducing the corporate burden. Since 2013, central and local authorities have eliminated more than 1,000 administrative fees.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US