Fujian beefs up efforts to relieve corporate burden

Move aims to boost innovation and invigorate real economy

Fujian province has beefed up efforts to cut excessive taxes and charges on local companies, as part of the country's broader goal of lightening corporate burdens to boost innovation and invigorate economic development.

Statistics from Fujian Provincial Price Bureau showed that the bureau has helped local companies to reduce costs, with the total reduction exceeding 27 billion yuan ($4.3 billion) since January 2017.