China News Service, Beijing, February 27 (Reporter Zhao Jianhua) The Chinese Academy of Fiscal Sciences released the "2023 "Enterprise Costs" Research Report" (hereinafter referred to as the report) in Beijing on the 27th.

The report pointed out that the survey found that the tax costs and institutional transaction costs of Chinese enterprises are showing a downward trend, and the sustained tax and fee reduction policies continue to release positive effects.

  Before the release of the above report, the Chinese Academy of Fiscal Sciences conducted a questionnaire survey online from October to December 2023, and obtained a total of 13,656 valid samples, covering 31 provinces, autonomous regions, and municipalities across the country.

At the same time, seven special groups were organized to conduct research across the country. The research targets included various business entities, as well as finance and other relevant departments and industry associations.

  Data released by the State Administration of Taxation show that in 2023, new tax cuts and fee reductions and tax rebates and fee deferrals nationwide will exceed 2.2 trillion yuan (RMB, the same below), which will effectively help stabilize market expectations, boost market confidence, and stimulate market vitality.

According to the report, tax and fee reduction policies have maintained continuity and stability, and relevant policies to support digital transformation have also significantly reduced the transformation and upgrading costs of enterprises.

In 2023, a total of 30 cities (districts) across the country will be included in the pilot scope of digital transformation of small and medium-sized enterprises, more than 20 provinces have formulated relevant policies and supporting measures, and many local governments continue to increase policy support.

  However, enterprise factor costs have increased significantly, with labor and energy costs becoming the main growth points.

According to the report, the cost per 100 yuan of operating income of the companies surveyed rose from 82.90 yuan in 2021 to 83.55 yuan in the first three quarters of 2023, an increase of approximately 0.78%.

Starting from 2022, the cumulative growth rate of operating costs of China's industrial enterprises above designated size will be slightly higher than operating income.

  Among them, looking at different regions, business costs in the northeastern region dropped slightly, while there was an upward trend in the eastern, central and western regions.

Looking at different industries, corporate costs in most industries have increased.

  The report analyzes that high global risks have also raised the costs of Chinese companies.

Geopolitical conflicts have triggered violent fluctuations in resource factor prices, adjustments to international industrial and supply chains have accelerated the upgrading of domestic industrial structures, and international financial risks have continued to gather, raising the market's risk aversion.

  The report recommends maintaining the stability and consistency of macro policies and injecting certainty into corporate development.

At the same time, we will accelerate the construction of a unified national market to reduce factor flow costs; create a world-class business environment and continue to reduce institutional transaction costs.

We will eliminate local protection and market segmentation, promote efficient market connectivity, and advance reforms in key areas.

Improve the efficiency of government services, improve the fair competition system, strengthen the management of account arrears, and reduce the operational burden of enterprises.