24 mai 2019

China to Buttress Tech Sector with Subsidies, Tax Write-Offs as Trade War Rages


Beijing will lower taxes paid by tech companies in an effort to offset the damage wrought by the growing trade war with the US, Chinese Vice Minister of Industry and Information Technology Wang Zhijun said on Friday. The move comes amid talk in Washington of adding more Chinese firms to the “blacklist” Huawei was put on last week. Wang told press at a State Council briefing Friday that Beijing would act to financially support Chinese tech companies and encourage "basic research" with a set [...]