Cuts on taxes and administrative fees for small businesses have helped stabilise and energise China’s economy, according to Premier Li Keqiang. Photo: Xinhua
Cuts on taxes and administrative fees for small businesses have helped stabilise and energise China’s economy, according to Premier Li Keqiang. Photo: Xinhua

China’s pandemic-hit businesses see tax cuts and fee reductions extended in bid to kick off new year on a high note

  • Premier Li Keqiang has been outspoken about the need to protect what is considered the ‘backbone’ of China’s economy, and he vows support measures will continue
  • Since 2016, tax and fee cuts have saved market entities a total of 8.6 trillion yuan (US$1.35 trillion)

Topic |   China's economic recovery
Cuts on taxes and administrative fees for small businesses have helped stabilise and energise China’s economy, according to Premier Li Keqiang. Photo: Xinhua
Cuts on taxes and administrative fees for small businesses have helped stabilise and energise China’s economy, according to Premier Li Keqiang. Photo: Xinhua
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