Holiday budget announced
The State Council announced the public holidays for 2017, which include New Year, Spring Festival, Tomb Sweeping Day, May Day, Dragon Boat Festival, Mid-Autumn Festival and National Day holidays. The last two, namely Mid-Autumn and National Day, are combined because they are close to each other, meaning employees can enjoy a holiday of eight days in total. Tax cuts a boost for enterprises moted. The two ministries will decide which programs get priority subsidies.
Premier Li Keqiang said at a Nov 29 executive meeting of the State Council, China’s Cabinet, that the reform to replace corporate business with value-added tax will help enterprises grow.