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China offers perks to boost lending to small firms

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The new policies, which come into effect from Dec 1 this year, will spur banks to support China's millions of small and mid-sized enterprises, which account for most of the employment.

Beijing

CHINA will exempt banks' interest income from loans to small firms and rural households from value-added tax, authorities said on Monday, in the latest step to address a long-standing issue of lack of financing to small firms.

The policy will be in effect from Dec 1, 2017,

sentifi.com

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