China says 2019 tax and fee cuts will be larger than 2018

FILE PHOTO - Employees sort boxes and parcels at the logistic centre of a express delivery company, after the Singles Day online shopping festival, in Wuhan, Hubei province, China, November 12, 2015. REUTERS/Stringer/File Photo - Copyright China Stringer Network(Reuters)

By Reuters

Published on 11/01/2019 - 13:34•Updated 24/04/2024 - 18:22

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BEIJING (Reuters) - China's planned tax and fee cuts this year will be larger than those of 2018, Finance Minister Liu Kun told state television in an interview aired on Friday.

Liu also said the government was studying a plan to lower social security fees to reduce the burden on small companies. He said China's proactive fiscal policy would send a clear signal to companies.