April 25, 2018 / 10:48 AM / 8 months ago

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

BEIJING, April 25 (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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