tion Development Fund will be halved. Charges for national cultural programs supported by cen
trally administrated enterprises and institutions will be cut in half, effective until the end of 2024.
It was also decided at the meeting to reduce mobile internet service rates and lower broa
dband service rates for small and medium-sized enterprises by about 180 billion yuan in 2019.
The State Council also decided to trim average electricity prices for gene
ral industrial and commercial businesses, lower prices for rail freight transport, cut or
merge port charges, and cancel charges for the certification of citizens’ personal ID information.
The measures identified at the meeting on Wednesday are the most recent moves for fee reductio
ns following the lowering of the social insurance contribution rate. Full delivery of these measures is expec
ted to lighten the fee burden on companies and individuals by more than 300 billion yuan in 2019.