Related News
Pricing reforms to speed up for bigger market role
Print Edition
CHINA’S State Council has pledged to speed up pricing reforms to allow the market to play a bigger role in the process and ease business burdens to invigorate the economy.
While giving full consideration to the possible impact on the market and society, China will “gradually and orderly” reform the pricing mechanisms in the energy, transport and environment sectors, said a statement released over the weekend after a meeting of the State Council presided over by Premier Li Keqiang.
The move aims to promote market competition, break monopolies and activate social investment to help economic restructuring and improve people’s livelihoods.
The government will continue efforts to relieve burdens on small and micro-sized businesses, as well as startups, to encourage innovation.
From January 1, 2015, the government will cancel or halt 12 charges, including business registration fees, and scrap another 42 administrative fees.
From 2015 to 2017, small and micro-sized businesses with monthly sales of under 30,000 yuan (US$4,894) will be exempt from five government fees in the three years since their registration, according to the meeting.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
