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China plans to step up fiscal incentives to boost growth

Beijing seeks to soothe increasing fears about world's second-largest economy following turmoil in markets

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The Chinese government will accelerate major construction projects, allow more small companies to benefit from tax cuts, and encourage private capital to invest in key areas, among other steps.

Beijing

CHINA will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to soothe increasing fears about the world's second-largest economy following turmoil in domestic and overseas markets.

The government will accelerate major construction projects, allow