Zhejiang businesses get a push with reduced costs

Privately owned enterprises in Zhejiang province have been injected with vitality as the government has adopted policies to reduce their burden in recent years.

Hangzhou Wahaha Group, the largest beverage producer in China, has largely benefitted from the government's policies to reduce tax and service fees, said Zong Qinghou, the group's founder and chairman.

As Wahaha has calculated, the total fees it paid in Zhejiang in 2017 significantly dropped by 64 percent from a year earlier to 13 million yuan ($2.1 million). The items of these fees were also reduced to 152 from 172 in 2016.