Tax, fee reductions in pipeline

Finance minister says measures are to better promote healthy growth of the real economy

China will continue to reduce taxes and fees, maintaining fiscal expenditure at a relatively high level to back the private sector and stabilize economic growth, Finance Minister Liu Kun wrote in an article published on Monday.

"The Finance Ministry will continually study and implement tax cuts of a larger scale and more significant fee reduction for companies, to better promote the healthy development of the real economy," the minister said in the article in the newspaper Study Times, published by the Party School of the Communist Party of China Central Committee.