Practical business support

A number of potentially negative social factors can be only defused through China's continuous economic and social development. Thus a key task for the Chinese government is supporting the competitiveness of domestic enterprises by providing better services and reducing taxes.

What the government is trying to do, therefore, is to create a business environment in which small and medium-sized enterprises can survive the adverse economic situation, raise their efficiency and create jobs.

According to official data, more than 2 trillion yuan ($294 billion) in taxes was cumulatively cut for domestic enterprises from 2013 to 2016. And a series of new measures announced at a mid-June teleconference chaired by Premier Li Keqiang is expected to reduce the tax burden on domestic enterprises by a further 1 trillion yuan this year when implemented.