China will slash port, aviation fees to lower business burden

BEIJING – China plans to cancel port construction fees and further cut civil aviation development fund levies to lower enterprises' burden and improve business environment, according to the Ministry of Finance.

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The port construction fees should be cancelled starting Jan 1, 2021, according to an online statement released by the ministry.

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Meanwhile, civil aviation development fund contributions from airlines will be further cut by 20 percent starting April 1, 2021, on top of a 50-percent reduction that has been implemented earlier, it said.