China's State Council on Wednesday announced further measures to reduce corporate¹ burden.

 

中国国务院周三宣布将进一步采取措施减轻企业负担。

 

China plans to cut annual corporate costs by 120 billion yuan (about 17.48 billion U.S. dollars) through measures such as lowering logistics costs and cutting business fees, according to a statement released following a State Council executive meeting presided over by Premier² Li Keqiang.

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