China will continue its tax reform with further reductions to benefit the economy ‘Given the government’s measures todeepenthereformofvalueadded tax (VAT) launched in May,ourcompanyexpectstosavemorethan10 million yuan ($1.47 million) in taxes this year,' said Zhang Dexi, head of Dengkou County branch of dairy giant Mengniu Dairy Co. Ltd., in December 2018.
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