25 Provinces "Cost Reduction" Program To Help Enterprises Reduce The Burden

As one of the five key aspects of supply side structural reform, "cost reduction" has become a focal point for local governments to support enterprises in the near future.

According to preliminary statistics, this year, 25 provinces have promulgated the "cost reduction" program and targets, and the measures are mainly concentrated on five aspects: reducing taxes and fees, reducing labor costs, reducing the price of resource elements, reducing logistics costs and reducing financing costs.

Local governments follow suit.

Since this year, Hebei, Shanxi, Liaoning, Jilin, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Shandong, Henan, Shandong, China, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong, China, Hong Kong, Macao, China, Jilin, Jiangsu, China, and so on.

In February, Guangdong Province promulgated the "Guangdong province supply side structural reform cost reduction action plan".

Guangdong demanded that by the end of 2016, the total burden of enterprises in the province would be reduced by about 400 billion yuan, and the total cost of enterprises would be reduced by about 5% to 8% in 2014.

By 2018, the burden of enterprises will be further reduced.

In March, Jiangsu issued the "opinions on reducing the cost of real economy enterprises".

Wang Zhizhong, Deputy Secretary General of the Jiangsu provincial government, said that after the implementation of the "burden reduction policy", it is expected that the cost reduction for enterprises across the province will be more than 100 billion yuan in 2016.

In April, Shandong promulgated the "mitigation".

The tax burden reduces the cost of financial expenditure.

Preliminary estimates, the implementation of the policy can be accumulated for the province's enterprises to reduce the burden of about 200000000000 yuan.

In May, Zhejiang issued a number of opinions on further reducing the undertaking of optimizing the development environment of enterprises. It is estimated that the whole province will lose about 100 billion yuan a year.

Henan held a provincial executive meeting in June 1st to focus on reducing costs.

The meeting adopted the special action plan of Henan province to promote the supply side structural reform and reduce the cost of real economy enterprises.

Chen Runer, governor of Henan, urged that once the plan was launched, it must be strictly implemented and must not be allowed to break faith in the enterprise.

Cohesion reduces the five burden of enterprises

Reporters combing these documents found that governments around the country "reduce costs" to hit the key, measures are mainly concentrated in reducing taxes and fees costs, reduce labor costs, reduce the price of resource elements, reduce logistics costs, reduce financing costs and so on five aspects.

In terms of taxes and fees, the value added tax rate of manufacturing industry in China is 17%, and the general corporate income tax rate is 25%.

In view of the high taxes and fees, Hubei's tax reduction measures have certain representativeness.

The reporter learned that, with the opportunity of changing the business to increase the whole interview point, Hubei has phased down the rate of additional levying of enterprises' local education, comprehensively cleared and standardized the charges related to enterprises, and strictly implemented various preferential tax policies.

Apart from taxes and fees, Huang Qunhui, director of the Institute of industrial economics of the Chinese Academy of Social Sciences, told reporters that the unreasonable cost of enterprises at present includes the high resource type products or raw material prices monopolized by the monopoly, the higher financial cost formed by the financial market problems, and the higher human resources cost caused by the social insurance system.

Huang Qunhui said several aspects, is also the place to reduce costs.

In lowering the price of resource elements, Guizhou proposes to reduce the cost of large industrial electricity as a means of reducing industry.

The cost of "nose" has greatly reduced the price of comprehensive industrial electricity consumption, making Guizhou's largest industrial electricity price one of the lowest in the country.

In reducing the cost of financing, Inner Mongolia issued the "opinions on fiscal, taxation and financial cooperation to support the development of the real economy and enhance the liquidity of enterprises". The Ningxia Banking Regulatory Commission issued a notice to do a good job in supporting enterprise development and reducing the financing cost of enterprises.

In terms of reducing labor costs, measures adopted in Anhui, Jiangsu, Shaanxi and Qinghai include reducing the basic old-age insurance, unemployment insurance premium rates, and reducing the proportion of housing provident fund deposit.

Logistics cost is also one of the focuses of local governments.

Hebei, Hubei and Guizhou have targeted measures.

Hubei indicated that since June 1, 2016, the toll rate of highway tolls in the whole province has been reduced by about 10%.

Guizhou proposed to reduce the proportion of total social logistics cost of Guizhou to GDP. By 2017, the proportion of enterprise logistics cost to total cost dropped to the national average level and lower than that of neighboring provinces.

Study and formulate policies and measures to reduce the cost of highway pportation, and reduce the cost of freight pport for enterprises in the province.

Subsidize the trains and trains in the province.

"With the implementation of the state

With greater efforts, local governments will take more measures to help enterprises reduce costs.

Industry experts say.