BEIJING, Feb. 8 (Xinhua) -- China's State Council Wednesday decided to further reduce and standardize business charges to lower the corporate burden in the real economy.

Such moves mark a key part of the country's drive to streamline administration and push forward supply-side reform, as the country aims to progress while maintaining stability in running the economy, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang.

Since 2013, central and local authorities have made moves to eliminate more than 1,000 administrative fees. However, the statement said, arbitrary charges remained prominent.