China has set up a detailed financial management plan for tutoring institutions to prevent risks and safeguard the rights of students, parents and employees.
China's tax and fee cuts, as well as large-scale value-added tax refunds, have not only eased some of the financial burdens faced by smaller firms on account of economic headwinds but also nurtured new growth drivers, officials and experts said on Wednesday.
China has ramped up its tax and fee incentives and supporting policies to enterprises, a move that has not only offered a "timely rain" to companies in financial drought but also served as a shot in the arm for the economy.
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