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14 Chinese govt departments slash service fee
August 13, 2013, 10:13 am

By 2050 world food consumption is expected to be 75 percent higher than in 2007, and almost half of this increased demand will come from China alone. (Xinhua Images)

Th new measures could save companies and individuals 200 million yuan ($32.7 million) a year [Xinhua]

Under a central government plan to cut red tape, China has proposed new measures that would allow companies and individuals to save 200 million yuan ($32.7 million) a year, announced the nation’s top economic planning agency.

The National Development and Reform Commission (NDRC) said on Tuesday that 14 government departments will reduce service fees from October.

Service charges for notarisation, vehicle mortgage registration, visa re-application for private individuals, plant quarantine as well as testing of agricultural machinery products will be lowered.

The Finance Ministry and the NDRC said in a statement that charges would be cut for 20 services.

The NDRC said filing for a trademark application would cost 800 yuan instead of 1,000 yuan as an example of the reduced fees.

Since assuming office, President Xi Jinping and Premier Li Keqiang have been trying to build confidence in a renewed reforms drive.

The premier said in March that the government would reduce interference and cut down on excessive bureaucracy.

Keqiang promised to reduce by at least a third the 1,700 approvals required by the State Council, or Cabinet, for financing of projects and other work.

In May, China’s State Council published a list of investment projects, including those for airports, paper pulp factories and gas fields that will no longer need pre-approval from the nation’s economic planning agency.

The country’s growth has eased to 7.5 per cent in the second quarter from 7.7 per cent in the first three months of the year.

Source: Agencies

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