Seven more tax-cutting measures to......>

CHINA PRESS: Seven more tax-cutting measures to support new businesses,

innovation, and the development of micro-sized and small companies were

announced during the executive meetings of the State Council on Wednesday, held

by Premier Li Keqiang, reported China Securities Journal on Thursday. These

seven measures will save more than CNY60 billion for companies this year, the

report said. The meeting also emphasised that regulators will include inclusive

finance in banks' tests to ensure that companies see their funding costs fall,

and the government will try to significantly cut the funding costs of

micro-sized and small companies before the end of third quarter, the report

said.