BEIJING, May 25 (Xinhua) -- With lowering business costs high on the agenda, Chinese government this year has rolled out a series of concrete measures to alleviate tax and cost burdens off the real economy, said Chinese newspaper Securities Daily Friday.
Based on the official disclosure, China's central government has released four circulars to cut electricity charges for industrial and business users, and reduced the value-added tax rate for transport sector by one percentage point to date this year.
More moves to bring down logistics costs and administrative fees are expected soon, according to Meng Wei, a spokeswoman with China's economic planning body the National Development and Reform Commission, at a press briefing last Wednesday.
Securities Daily cited macroeconomy researcher Xu Guangrui as saying that measures introduced so far this year are projected to save nearly one trillion yuan for companies running business in China. (Contributed by Ding Lei, dinglei@xinhua.org, edited by Zhang Aifang, zhangaf@xinhua.org)
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