OrbitaxChina Unveils Measures to Bolster Private Economy
|Approved Changes|China
The Chinese government has issued an English-language release on measures to bolster the private economy, including an easier process for the R&D tax reduction (super deduction), a shorter time for export rebates, and strengthened inclusive financial support. The measures are detailed in Notice No. 1054 from the National Development and Reform Commission and other departments. Further details on the implementation of the measures will be published once available.
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China unveils de…