Cuts in taxes and fees for enterprises a positive and helpful policy choice

SPEAKING TO THE MEDIA on Wednesday at the conclusion of the annual session of the country's top legislature, Premier Li Keqiang said that the government will reduce the burden of taxes and administrative fees on enterprises. Beijing News commented on Thursday:

Premier Li's vow to cut the taxes and fees for enterprises echoes the call of the whole of society, and will unleash further potential for economic growth.

It should be noted that cutting taxes and fees means the government will share some of its financial income with enterprises, demonstrating its determination to boost the economy and help enterprises. Li said that reducing the burden of taxes and fees on enterprises will help to promote their competitiveness.