January 9, 2019 / 11:21 AM / 5 months ago

China to further cut taxes for smaller firms: state TV

BEIJING (Reuters) - China’s State Council said on Wednesday the government would further reduce taxes for smaller companies, state television reported.

The council also said China would implement prudent monetary policy and speed up issuance of local government special bonds. It also urged local governments to speed up issuance of the 1.39 trillion yuan ($203.54 billion) in local debt already approved by the legislature.

Reporting by Beijing Monitoring Desk; Editing by Nick Macfie

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