Following the central bank’s direction, nearly 20 commercial banks have lowered both deposit and lending rates over the past week, with cuts ranging from 0.1 to 1 percentage point.
The Tax Department has launched a nationwide campaign entitled “Cleaning Tax Codes – Removing Business Bottlenecks” aimed at handling backlogged cases, reducing the number of “missing” businesses, shortening dissolution procedures and improving tax administration efficiency in the context of digital transformation.