China to offer ¥1 trillion worth of tax rebate to small firms

  • China implements expansive value-added tax credits and rebates

China is showing that it is willing to take action to try and bolster economic confidence after the latest COVID-19 lockdowns have thrown a bit of a curveball to the outlook.

China's cabinet is also out saying that they are to deploy comprehensive policies to stabilise market expectations and maintain a stable and healthy development of capital markets. A bit of a hint that they will keep up with the policy momentum.

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