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China to cut more taxes to support small and high-tech companies

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Reuters BEIJING
Last Updated : Apr 25 2018 | 4:25 PM IST

BEIJING (Reuters) - China will cut more taxes to support small and micro firms and high-tech companies, state radio quoted the cabinet as saying on Wednesday after a meeting.

The government rolled out seven measures that are expected to cut more than 60 billion yuan ($9.5 billion) in taxes for small and high-tech companies this year, state radio said.

($1 = 6.3195 Chinese yuan renminbi)

(Reporting by Beijing Monitoring Desk)

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First Published: Apr 25 2018 | 4:20 PM IST

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