TAX CUTS POISED TO BOOST PRIVATE BUSINESSES

Government makes renewed commitment to sector

Shu Wenbin is one of the millions of private business entrepreneurs in China set to benefit from large-scale tax cuts that take effect this month.

The 33-year-old general manager of Continental Interior Design and Construction in Beijing said he thinks the 2 trillion yuan ($299 billion) in cuts to taxes and fees, outlined in the Government Work Report on March 5, many of them targeted at small and micro businesses, will give his company a major boost.