Jan 15, 2019 05:10 PM

Editorial: China Must Lighten Social Security Burden on Businesses

Photo: VCG
Photo: VCG

In good news for Chinese businesses, on Jan. 9 the State Council decided to introduce a series of preferential tax reduction measures for the country’s smallest enterprises. These measures will bring significant relief for small- and medium-sized enterprises struggling to survive. But while China has achieved tremendous momentum in reducing taxes for businesses, it has made little progress in reducing the separate burden of social security payments they face.

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