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China's cabinet announces measures to spur trade

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China on Monday announced measures to promote trade, including plans to encourage lending by financial institutions to trading firms and better tax rebate policies for such companies.

[BEIJING] China on Monday announced measures to promote trade, including plans to encourage lending by financial institutions to trading firms and better tax rebate policies for such companies.

The government made the announcement on its website.

China's exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world's second-largest economy.

REUTERS