Pledged cut to business fees on track

1 trillion yuan in burdensome costs will be eliminated this year, premier says

Business fees across China will be cut, the State Council decided on Wednesday, following up on pledges made by Premier Li Keqiang in the Government Work Report earlier this year.

Among the measures decided at the meeting was a reduction in construction assurance deposit requirements and the cancellation of an industry restructuring charge that is ultimately levied via power bills.