China strengthens financial support to enterprises, speeds up tax, fee cuts

BEIJING, June 17 (Xinhua) -- China will further direct the financial institutions to support enterprises to help stabilize the economy, and expedite tax and fee cuts to ease burdens on market entities, according to a State Council executive meeting on Wednesday.

The meeting, presided over by Premier Li Keqiang, called for increasing monetary and financial policies' support to the real economy to help enterprises, especially micro, small and medium ones, tide over difficulties, while giving full play to the country's proactive fiscal policies, especially those for purposes like overcoming difficulties and unleashing market vitality. Enditem