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China to Speed Up Internet Fee Cuts, Improve Preferential Taxes

China to Speed Up Internet Fee Cuts, Improve Preferential Taxes

(Bloomberg) -- China will further cut internet fees and improve infrastructure to make it more convenient for companies and individuals, stimulate investment and consumption as well as promote employment, according to a summary of a State Council meeting chaired by Premier Li Keqiang.

  • China will also improve preferential taxes to support venture capital development

To contact Bloomberg News staff for this story: Lucille Liu in Beijing at xliu621@bloomberg.net

To contact the editors responsible for this story: Allen Wan at awan3@bloomberg.net;Sam Mamudi at smamudi@bloomberg.net

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With assistance from Bloomberg