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China should urgently optimise its......>

CHINA PRESS
CHINA PRESS: China should urgently optimise its fiscal revenue collection and
expenditure as its finances were impacted by the ongoing cuts in taxes and fees,
China Business News said in a commentary on Thursday. The government should
boost revenue by increasing the share of profits collected from specific
financial institutions and state-owned enterprises, while urging local
governments to cut general spending by more than 10%, the commentary said. 

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