Overview of 12 rules coming into effect from July 1

Updated: Jul 1, 2019 chinadaily.com.cn Print

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An underground parking lot in Chengdu, capital of Sichuan province. [Photo provided to China Daily]

Starting July 1, charges on real estate registration will be cut or canceled and the coverage of patent application and annual fee reductions will be expanded, according to a decision at a State Council executive meeting on April 3, chaired by Premier Li Keqiang.

For example, the ownership registration fee for real estate such as garage and parking spots will be reduced from 550 yuan ($80) to 80 yuan each. And the registration fee for continued use of trademarks will go down from 1,000 yuan to 500 yuan.

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