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China’s Ministry of Finance, National Audit Office and State Tax Administration held a press conferee on May 17 to discuss their work over the past decade. They stated that reform has contributed to a better business environment, supporting science and technology development, coordinating the development in rural and urban areas, and addressing climate change and environmental problems. To help businesses weather the COVID-19 epidemic, the government reduced 2.5 trillion yuan in taxes and fees. Yang Shanshan from CGTN brings you more.
