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China Unveils Measures to Bolster Private Economy

|Approved Changes|China
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 det…