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Shantou will Implement the Action Plan of the Structural Reform of the Supply Front to Reduce Costs
Date: 2016-04-29      Source:

This year, facing the complex harsh economic environment and development situation at home and abroad, Shantou City adheres to making progress while maintaining stabilities, takes an active approach to the work, and has achieved a steady start in the city's economy. In the first quarter of this year, Shantou City realized a GDP of RMB 38.622 billion, an increase of 7.4% over the previous year. Next, Shantou City will formulate and issue Shantou City Action Plan of the Structural Reform of the Supply Front to Reduce Costs (2016—2018), creating a virtuous circle pattern for enterprise development and economic development.

  According to the Plan, Shantou City will implement 30 specific measures in 7 aspects, further carry out administrative streamlining and power delegation as well as the reform of the tax and fee system, improve the mechanism of forming market-oriented factor prices, improve the rule of law business environment, reduce the costs of enterprises, stimulate the vitality of enterprises and enhance their competitiveness. By the end of this year, it is expected to alleviate burdens of RMB 6 billion on the enterprises of Shantou, including reducing the tax costs of about RMB 2.4 billion and the financial costs of about RMB 2 billion.

Source:Shantou Daily, Apr 29, 2016




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