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economic stability

China’s premier says tax cuts support employment, economic stability

SHANGHAI: China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday. “Implementing tax cuts for small and micro enterprises is mainly to support employment,” Li said in comments posted on the Chinese government’s website. Developing and strengthening small companies is linked to economic stability and stable employment, he said. “Looking at the long term,…