Real economy to get stronger govt support

Taxes cut by letting all companies deduct more of their R&D costs

Proactive fiscal policy will be used further to cut taxes and fees, help ease financing difficulties for small and micro businesses and support the real economy, Vice-Minister of Finance Liu Wei said at a media briefing on Thursday.

At the briefing, which was hosted by the State Council Information Office, Liu said policies will focus on tax reductions to support the development of small and micro enterprises and boost innovation, entrepreneurship and employment.