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China Offers Financial Support To Bookstores

Posted at 1:11PM Friday 24 Jan 2014

China has introduced policies to support certain bookstores with capital and tax exemptions in 12 cities, including Beijing, Shanghai and Hangzhou. CCTV reported that the initiative is designed to counteract the effect of online retailers like Amazon and Taobao on bricks-and-mortar operations.

cntv.cn

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