Research report: Tax costs and institutional transaction costs of Chinese enterprises show a downward trend. According to the report, tax and fee reduction policies have maintained continuity and stability.

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