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Structural reform to spur tax cuts

China's new round of structural reforms should generate tax breaks and reduced fees, according to a report from China International Capital Corp. The Beijing-based investment bank said that the reform would enable the government to cut spending by streamlining administration and improving efficiency. "This allows the government to cut taxes and administrative fees without raising the deficit ratio, thereby invigorating the market and improving the quality of economic development," said the report.

Ultra high-voltage power line gets nod