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Camp changed by 'appropriate reduction in industry-specific enterprise income tax, fees and other relief measures for enterprises to bring hundreds of billions of tax breaks favorable; the same time, China will lift the financial suppressed by the deepening financial reform, effectively reduce the high cost of corporate finance dilemma. supply cost constraints of China's economy has been one of the high taxes and the cost of speech sore point in Chinese enterprises can not survive during the economic Research Institute Dean Weber Tengtai accept the 'economic Information Daily' reporters, said:. 'It is estimated that, from the micro level, the comprehensive tax burden on Chinese companies an average of about 40%. The state's macro tax burden to our total revenue divided by the GDP was 37% in 2014, roughly equivalent to the highest level of developed countries, higher than the average for developing countries 10 percentage points. 'In addition to high taxes and costs, financing costs high rate of China is also seen as a lot of people in the industry,' not normal. 'Teng Tai said different China and other developing countries, fall into the trap of middle-income Latin American countries because of their lack of savings and foreign exchange reserves, high interest rates is inevitable. However, China's savings rate and foreign exchange reserves, the world's first, the emergence of the phenomenon of usury and money shortage in this case should be less and he admitted that high interest rates in the market situation some enterprises have not enough money to pay interest on the loan, he was forced to close down; while some companies are voluntarily giving up the main business, to get money to do the usury business, further boosting the high interest rates to cut interest rates is the most direct stimulus. method of reducing the cost of financing since the beginning of November last year, the central bank has cut interest rates a total of six times, deposit rates have dropped 1.5%, the current deposit and lending rates hit a new low. under the effect of policies, interest rates really be down as of September this year, non-financial companies and other sector loans weighted average interest rate was 5.70 percent, down 1.08 percentage points higher than in December last year. However, from the experience of enterprises, especially SMEs, the high cost of financing problems still did not eradicated. in addition, the administrative costs of businesses and government agencies to communicate can not be ignored. Tengtai that the costs in this regard, although not good to quantify, but to the enterprise development has brought no small resistance, and if possible to further reduce unnecessary administrative approval ,

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