BEIJING -- Chinese Finance Minister Xiao Jie is promising 350 billion yuan ($50.7 billion) in corporate tax breaks this year, aiming to stimulate the economy and keep companies frustrated with heavy taxation from seeking greener pastures overseas.
Chinese Finance Minister Xiao Jie laid out plans on March 7 to lighten the tax burden on businesses. (Photo by Akira Kodaka)
Economy
China promises $50bn in fresh corporate tax breaks
New measures aim to lighten load on manufacturers, small businesses
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