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China to defer fee payments for firms- state media

BEIJING, Sept 27 (Reuters) - China will postpone fee payments worth more than 53 billion yuan ($7.39 billion) by companies, mainly small firms, in the fourth quarter, state media quoted the cabinet as saying on Tuesday. China will provide tax relief for some individual commercial pensions, the cabinet was quoted as saying after a regular meeting. ($1 = 7.1720 Chinese yuan renminbi) (Reporting by Kevin Yao and Beijing newsroom; Editing by Jon Boyle)

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