Govt seeks to ease small companies' fee burden

The government will release a detailed list of administrative fees for micro-sized and small enterprises as it seeks to alleviate the financial burdens of a group of companies that are a source of economic dynamism, an official said on Tuesday.

These enterprises are subject to onerous, sometimes random administrative fees. These fees, along with various taxes, have imposed a heavy financial burden on approximately 11.7 million such companies that existed in China as of the end of 2013.

These small enterprises accounted for 76.6 percent of all companies in the country.