“China has announced a set of steps to boost slowing growth in the world’s number-two economy, including extending tax breaks for small businesses and support measures for poor urban districts.  The State Council, China’s cabinet, announced the mini stimulus after a meeting chaired by Premier Li Keqiang.  Li said last month that China had set its annual growth target at ‘around’ 7.5 per cent.  The tax breaks for ‘small and micro’ companies will be extended until the end of 2016, the State Council said.  It also said 6600 kilometres of new railway lines will come into operation this year.  The plan will also see the creation of a railway fund that will receive between 200-300 billion yuan  each year.”

http://www.thebull.com.au/articles/a/45175-china-boosts-economy-with-mini-stimulus.html

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