Business
2019.12.18 15:54 GMT+8

China further alleviates burdens on private companies: official

Updated 2019.12.18 15:54 GMT+8
CGTN

Government departments and large state-owned enterprises have paid over 580 billion yuan (some 82.89 billion U.S. dollars) of debts to private enterprises in the first 11 months of 2019, according to the Ministry of Industry and Information Technology. 

Reducing the burden on enterprises, as an important measure to promote supply-side structural reform, has seen remarkable achievements, Vice Minister of Industry and Information Technology Xin Guobin said at a meeting on Tuesday. 

Some 90 percent of the surveyed enterprises were satisfied or very satisfied with the business environment, and more than 70 percent reported a significant drop in value-added tax, according to the results of a recent survey conducted by the China Center for Promotion of SME Development. 

Enhanced efforts will be made to further ease the burden on enterprises to boost business confidence and promote steady economic development, said Xin.

Source(s): Xinhua News Agency
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