The National Development and Reform Commission, China's top economic planner has decided to lower bank card charges for businesses nationwide.
The adjustment is expected to reaches to a wide range of sectors, such as catering, hotels, retailing, wholesales and even public schools.
The NDRC said the adjustment will save some 4 billion yuan for businesses per year, or an average cut of 20% charges on businesses.
Sectors such as restaurants and hotels will see as much as 37 percent reduced per transaction.
Card transactions that take place at public hospitals and public schools will be exempt from the charges.
Property and car sales are almost certainly charged with the maximum fees each transaction.
The difference suggests property and car sellers will not benefit from the adjustment, but rather see an increase on their cost.
Currently, consumers pay the same amount of money using cash or opting for bank cards.
For more on the story, we are joined live by Mark Hughes, executive business editor of China Daily.
【2017年冲刺高考CRI英语听力素材练习(word):China Cuts Bank Card Charges for Businesses】相关文章:
★ 安徽省淮南市2014高考英语一轮单项选择及文章训练(7)及答案
★ 安徽省淮南市2014高考英语一轮单项选择及文章训练(16)及答案
★ 2014年牛津译林版高中英语总复习(第1轮)同步练习 M10《Unit 1 Building the future》
★ 【人教版】2014届高考英语一轮复习指导考点针对练:选修8 unit1《A land of diversity》
★ 【人教版】2014届高考英语一轮复习指导考点针对练:选修7 unit3《Under the sea》
最新
2017-04-24
2017-04-24
2017-04-24
2017-04-24
2017-04-21
2017-04-21