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CHINA PRESS: The Ministry of Commerce will remove administration fees, promote
export tax rebates and trade financing to help boost private enterprises, the
People's Daily said Thursday, citing Zhong Shan, the Commerce Minister.
- The Ministry will also encourage private companies to take part in the Import
Export, Canton Fair and overseas exhibitions, and to develop inside the pilot
Free Trade Zone and other economic and trade cooperation zones abroad, the Daily
said citing Zhong.
- Private enterprises contribute 90% of domestic trade, 48% of foreign exports,
and 49% of foreign investment, Zhong said, expecting private companies to play a
bigger role in boosting consumption and expanding foreign trade.
(Link to the story: https://bit.ly/2FpX39X)