Chinese government cuts $174 billion of taxes, administrative fees in 2021, supporting economic revival

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China’s reductions of taxes and administrative fees totaled 1.1 trillion yuan ($174 billion) in 2021, strongly supporting the sustained and stable recovery of its economy, a senior official from the State Taxation Administration said on Wednesday. Wang Daoshu, a senior official from the administration, made the remarks during a press conference on tax and fee …

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