The government will propose a detailed plan to the top legislature this week to reduce taxes and fees, with an annual target that would cut more than 1.3 trillion yuan ($194 billion) to promote manufacturing and strengthen private companies' confidence, high-ranking officials said.The 2019 tax cut p
The Chinese government is expected to step up tax and fee reductions for enterprises as part of efforts to bring down the burden on the real economy, according to China Securities Journal.Finance Minister Liu Kun has said enterprises' cost is expected to drop by more than 1.3 trillion yuan ($188 bil