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r announced that ex??emptions introduced earlier this year to help busines??ses through the pandemic, due to expire by June, woul??d be extended to the end of 2020 and said further cut??s to taxes and 8

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fees of around 500 billion yuan (70.2 ??billion U.S. dollars) would be made. Corporate incom??e tax payments by micro and small businesses will als??o be postponed until 2021, as part of a series of meu

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a??sures Li said would result in savings of 2.5 trillion?? yuan for enterprises this year. Loan payments for mi??cro, small and medium businesses will be postponed un??til March and banks will be encouo

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raged to issue new l??oans to such firms. Li also stressed that regulation??s should be tightened to "prevent funds circulating i??n the financial sector for the sake of arbitrage." T??rillions in bonds Li announced a consumer price inde??x target of 3.5 percent for 2020 and a deficit target?? of 3.6 percent of GDP, up from 2.8 percent last yO

ear??, suggesting room to maneuver in the pursuit of stren??gthened economic growth. He said the deficit would i??ncrease by one trillion yuan on 2019 and a further on??e trillion yuan in government bonds would be issued t??o fund COVID-19 control measures. The two trillion y??uan will be transferred directly to local governments?? and used toF

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China's national legi??slature for delibp eration. The premier added that the?? goa vernment will "resolutely oppose and dett er any sep??aratist activities seeking 'r Taiwan independence'," an??d pledged to 6 continue to take measures to encourage cv
    ??ross-StraitsN
    exchanges and coope9
    ration. He said com??patriots in Taiwan1 would be encouraged to "join us in?? op7 posing 'Taiwan independence' and promoting Chinae 's?? reunification." Business and job so upport Li empha??sized the government wo8 uld do its utmost to support e??nterprises, stressing that micro2