China has introduced tax breaks for foreign companies in an apparent move to counter similar incentives offered in the United States. Photo: Reuters

China offers tax breaks to foreign firms in bid to boost investment, counter US incentives

Companies will be exempt from withholding taxes on profits they reinvest in specified industries, Beijing says

Topic |   China economy

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China has introduced tax breaks for foreign companies in an apparent move to counter similar incentives offered in the United States. Photo: Reuters
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