Opinions on Further Reducing the Burden on Enterprises and Strengthening the Competitiveness of Enterprises (by Zhe No.99〔2018〕)was released from General Office of the People’s Government of Zhejiang yesterday morning. It’s the fourth round measures by the authority since 2016, which are of relief and cost reduction.

There are 35 measures concerning 8 aspects in the Opinions. It’s been estimated by the Office that about RMB 85bn throughout the year will be reduced from cost of and burden on enterprises.