Policy digest

Country set to reduce fee collection for enterprises

The executive meeting of the State Council, China's Cabinet, on Wednesday decided to take measures to further cut fees collected from enterprises. According to the meeting, presided over by Premier Li Keqiang, measures will be taken to reduce logistic costs of enterprises and a reform of electricity pricing concerning provincial-level power grids will be pushed to cut the price of transmission and distribution. Enterprises will see fee payments cut by about 120 billion yuan ($17.4 billion) a year thanks to the new policy. The meeting also required that relevant departments should take measures to eliminate irregular fee charges.

Cabinet calls for more support for manufacturing