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The State Council determines to adopt fee reduction measures to reduce the burdens by 300 billion Yuan annually

Premier Li Keqiang chaired a State Council executive meeting days ago, which determined to adopt measures to reduce government charges and service charges this year, and further reduce the burdens on enterprises and the masses; decided to reduce the rate of personal postal articles tax imposed on imported goods and promote the expansion of imports and consumption; and enact a batch of draft amendments in a bid to coordinate with the implementation of Foreign Investment Law of the People's Republic of China and adapt to the needs of business environment optimization. On the meeting, Premier Li Keqiang heard reports about centralized drug purchasing, supply of out-of-stock drugs and medical assistance, which decided to benefit more people in drug use and medical treatment.

In order to implement the deployment of Report on the Work of the Government, the meeting decided, from July 1, to reduce and remit immovable property registration fees, expand the scope of reducing patent application fees and annual fees, etc., and lower the charging standards of entry-exit licenses like ordinary passports for private purposes, partial trademark registration as well as radio frequency occupation by electricity and car networking, and develop obvious fee reduction standards. For instance, reduce the charging standard of registration of immovable property ownership like garage and parking space from 550 Yuan to 80 Yuan per case, and reduce the charging standard of renewal of trademark registration from 1,000 Yuan to 500 Yuan. The meeting decided to lower half the charging standards of construction funds of national major water conservancy projects and civil aviation development funds, reduce cultural construction fees on enterprises and public institutions under the central government by half by the end of 2024, and authorize provinces/districts/cities to cut such fees on local enterprises and public institutions and individuals within the range of 50%. Meanwhile, the meeting decided, for industry-education integrated pilot enterprises whose vocational education meets investment conditions, to implement the policy of offsetting education surcharges payable and local education surcharges of the current year as per 30% of the investment amount.  The meeting also determined measures to reduce mobile network traffic and SMEs' broadband charges by about 180 billion Yuan yearly, lower average industrial and commercial electricity prices, reduce rates for railway freights, cut port charges, and cancel citizenship information certification fees, etc. The above measures are measures for further reductions in administrative service fees after the reduction of social security premium rates, which will reduce the burdens on enterprises and the masses by over 300 billion Yuan annually after implementation.

The meeting decided to lower the rate of tax imposed on baggage and postal articles carried into China by individuals since April 9, where the rate of tax imposed on commodities like food and drugs will drop to 13% from 15%, and that on textile and electrical appliances will drop to 20% from 25%.

The continuous improvement of the business environment in China has kept the world's eyes polished. According to the Doing Business 2019 released by the World Bank, China's business environment ranked the 46th among 190 economies in overall ratings, up 32 places compared with 2017 and 50 places compared with 2013. At the 5th CIFTIS, Minister of Commerce Zhong Shan pointed out that we should actively promote the "Belt and Road" initiative for international cooperation, advance trade in service liberalization and facilitation, and expand cooperation field to propel higher level and open development of services. China will fully implement the management system of pre-entry national treatment and negative list, to build a business environment featured by rule of law, internationalization and facilitation.