BEIJING (Reuters) – China is expected to reduce the tax and fee burden for business entities by 1.8 trillion yuan ($261.62 billion) this year, Wang Daoshu, the country’s taxation administration official, said at a news conference on Thursday.
($1 = 6.8803 Chinese yuan renminbi)
(Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)