China plans more measures to lower business costs this year, according to the National Development and Reform Commission.
The country plans to cut business costs such as charges for electricity use, logistics and intermediary services, which are expected to save more than 150 billion Yuan (23.8 billion US dollars) for enterprises and the public this year, said Yue Xiuhu, an official with the commission.
The government aims to lower the price of electricity for general industrial and commercial businesses by an average of 10 percent by the end of 2018, according to the government work report.
The country has lightened the burden on businesses by reducing their costs by more than 500 billion yuan during the previous two years.
Dec 09, 2018 0
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily