CHENGDU, Jan. 6 (NBD) -- China will work on new measures for tax cuts to further reduce cost burden on businesses, a person-in-charge with the country's Ministry of Finance (MoF) told reporters Thursday. 

The finance authority will cooperate with other departments to annul, adjust, and regulate more administrative fees and standards.  

The source also said that the implementation of structural tax reductions and tax breaks across the board over the past decade greatly promoted the sustainable development of enterprises.