Govt to reduce cost burden of enterprises

China will roll out more measures this year to lower overall business costs, according to officials with the nation's top economic regulator.

Business costs are expected to be reduced by a total of 150 billion yuan ($23.9 billion) this year, with further measures coming up soon to reduce logistics, energy and electricity costs, according to Yue Xiuhu, head of the Pricing Supervision Department of the National Development and Reform Commission.

"Coupled with efforts from other regulatory bodies to further reduce administration charges imposed on enterprises, we are confident of reaching the target level for cost reduction set in the Government Work Report earlier this year," said Yu.