China aims to cut taxes, fees for companies by 1 trln yuan this year: premier

BEIJING China aims to cut taxes and fees for companies by 1 trillion yuan ($144.65 billion) this year, Premier Li Keqiang said Wednesday.

Li made the comment at his annual news conference at the end of the annual meeting of China’s parliament.

(Reporting by Ryan Woo and Kevin Yao- Editing by Kim COghill)