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China will postpone fee payments worth more than 53 billion yuan by companies, mainly small firms, in the fourth quarter, the State Council said on Tuesday.
The delayed payments of 14 administrative fees will help ease difficulties facing companies, especially small firms and self-employed businesses, the cabinet said.
Companies will be allowed to defer payments of some project quality deposits worth 63 billion yuan, the cabinet said.
China will provide tax relief for some individual commercial pensions, allowing qualified payers to such pensions to make pre-tax deductions, it added.