Logo 10 May 2021

NDRC looks to cut costs

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

On Monday, the National Development and Reform Commission (NDRC) laid out the specifics of an ambitious cost-cutting program aimed at extending COVID-19 relief for enterprises. Key planks of the plan include:

Continuing to reduce the tax burdenReducing institutional transaction costsReducin...