China to scale up tax and fee cuts in 2022


Workers load pipes at a pipe manufacturing firm in Lianyungang, Jiangsu province. - China Daily

BEIJING (Xinhua): China will take stronger measures to cut fees and taxes to support market entities this year with a combination of fiscal incentives, the Ministry of Finance said Tuesday (Jan 25).

The measures will be more precise and sustainable to meet the needs of market entities, said Xu Hongcai, vice minister of finance.

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