State Council Decides on Package of Measures to Stabilize the Chinese Economy
During an executive meeting held on 23 May 2022, China’s State Council decided on a package of measures to stabilize the economy. According to an English-language release on the meeting, the package contains 33 measures including:
- Extension of the policy for refunding excess input VAT credits to more industries, which is expected to increase refunds by over CNY 140 billion yuan;
Source Orbitax
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