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China Implements Large Tax Rebates To Support Growth: Xinhua

CHINA PRESS
MNI (Singapore)

China reaffirmed its commitment to large-scale tax cuts and rebates, including CNY1.5 trillion in rebates of value-added tax to help small businesses and support growth, Xinhua News Agency said citing a State Council meeting on Monday. The meeting urged the government to pay high attention to changes in the global situation, increase monetary policy support and use multiple tools to ensure liquidity and growth in credit and social finance, it said.

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