IN BRIEF (Page 6)

Nation enhances business support

China is stepping up its support for small and micro businesses by offering new tax cuts and better financial services, officials said on Thursday. Seven new tax policies are expected to save the businesses a total of 60 billion yuan ($9.44 billion) per year, vice-finance minister Cheng Lihua said at a news conference. The reduction will act as an incentive for enterprises in upgrading equipment and improving employee training, as well as encouraging research and development efforts.

Chinese bourses buy exchange stake