China to Announce Follow-Up Plan on Tax Breaks Soon: MOF

China will announce more tax break extensions soon focusing on tech, innovation, key industrial chain in order to expand consumption, Ministry of Finance official Wei Yan says at a briefing.

• China’s small enterprises and individual business owners still face difficulties
  • MOF will further step up tax breaks for the sector
• China will continue to plan and study on a series of targeted and stronger policies to expand domestic demand, grow real economy, National Development and Reform Commission official Yuan Da says at the same briefing
  • Sees economy will maintain a stable and positive trend in 2H
• NOTE: PBOC to Support ...