According to a release from the Ministry of Finance, China's State Council met on 23 July 2018 to discuss policies to support domestic demand and promote investment, including through reductions in the tax burden. One measure that was approved is extending the current 175% R&D super deduction incentive for qualifying SMEs so that it is available for all qualifying companies. Larger companies are currently eligible for a 150% super deduction. The release does not state when the 175% super…