May 8, 2019 / 11:36 AM / 17 days ago

China to extend preferential taxes for integrated circuit firms

BEIJING (Reuters) - China will extend preferential taxes for producers of integrated circuits and software companies, the cabinet said on Wednesday.

China will attract more domestic and foreign investment into its information industry, the State Council, or cabinet, said after a regular meeting.

Reporting by China monitoring desk and Kevin Yao; Editing by Clarence Fernandez

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