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E-commerce boost to grow China’s economy

China’s government is taking further measures to boost e-commerce, pinning its hopes on the sector as a new economic growth engine. Its latest policy package is aimed at encouraging entrepreneurship and innovation and creating jobs.

On Sunday, the State Council announced policies that will encourage migrant workers, college graduates and discharged soldiers to return to their rural hometowns and start small businesses.

It promised to ease business registration procedures and allow these small businesses to enter rural infrastructure development and public services normally operated by the government. They will enjoy waivers or reduced taxes and administrative fees, be considered for government funds for agricultural development and be offered certain allowances.

(Source: Shanghai Daily)

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