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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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 more small companies to benefit from tax cuts, and encourage private capital to invest in key areas, among other measures, the finance ministry said in a statement.
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