Tax reductions aim to boost service trade

China will seek to increase the service and merchandise trade by increasing accessibility and providing tax cuts for technology providers, a State Council executive meeting decided on Sunday.

Further opening up the service market and developing the service trade despite the "complex and challenging global economic situation" was one of the main items on the agenda.

The first State Council executive meeting after the Spring Festival holiday was presided over by Premier Li Keqiang. Such meetings are usually held on Wednesdays.