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China's tax and fee cuts, rebates, deferrals top 1 trillion yuan over 7 months

China SCIO | September 8, 2023

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China has stepped up preferential tax policies to support businesses this year, with the tax rebates as well as tax and fee cuts and deferrals hitting 1.05 trillion yuan (US$145.86 billion) in the first seven months, said the chief accountant of the State Taxation Administration on Thursday.