China to reduce tax, fee burden for business entities by $262 billion this year

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)

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