Lower corporate costs to ease burdens

China will roll out a mix of solutions to help companies in the real economy reduce their costs, including streamlining administrative procedures and delegating power, cutting taxes and fees and bringing down social security contributions.

Financial regulators are urged to reduce the financing costs of enterprises and work to "normalize interest rates" to benefit the real economy. Authorities will also mull reducing value-added tax rates for the manufacturing sector, cut electricity prices, advance market-oriented reforms on pricing and lower logistics costs.

People enter a taxpayer service hall in Beijing, Dec 13, 2010. [Photo/IC]