The Chinese government has taken action for the first time this year to boost its economic growth.
Numerous disappointing economic results suggested that China's economy was slowing down.
But in a bid to reverse those fears, the Chinese government has cut taxes on small businesses and said the construction of new railway lines will be increased.
The plans were already in an economic plan for 2014, but the Chinese government has taken steps to implement them ahead of schedule.
In a statement, the cabinet said: "We will find innovative ways including fiscal and financial methods to...steady economic growth."
The government will increase the number of railway lines being constructed by 18%. 150 billion yuan ($24.6bn; £14.5bn) worth of government bonds will be sold to finance the construction.
The International Festival for Business - IFB 2014 - is the most exciting international business initiative of 2014 and International Trade Expo will be at its heart.
A two day expo with exhibitors, seminars, workshops and networking events designed to plug your business into the engine of international trade. Expert speakers, country profiles, advice clinics and innovative solutions for the challenges of doing business in the global market place. International Trade Expo is the event for everyone concerned with international trade.
-
Company DirectoryFreight RateExport RateAgency PartnershipCargo Leads