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The National Development and Reform Commission, China's top economic planner has decided1 to lower bank card charges for businesses nationwide.
The adjustment is expected to reaches to a wide range of sectors2, such as catering3, hotels, retailing4, wholesales5 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 exempt6 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.
For more on the story, we are joined live by Mark Hughes, executive business editor of China Daily.
点击收听单词发音
1 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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2 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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3 catering | |
n. 给养 | |
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4 retailing | |
n.零售业v.零售(retail的现在分词) | |
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5 wholesales | |
v.批发( wholesale的第三人称单数 );趸售,大规模买卖;批发(的);大规模(的) | |
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6 exempt | |
adj.免除的;v.使免除;n.免税者,被免除义务者 | |
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7 opting | |
v.选择,挑选( opt的现在分词 ) | |
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