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The authorities may soon cut business tax for enterprises by 1 percentage point from the current 5 percent, said a source close to policymakers.

Stable, relatively fast growth targeted

China's top leadership pledged to take steps to ensure a "stable and relatively fast" economic growth next year as it wrapped up the Central Economic Work Conference.

China strives for economic soft landing next year
China's FDI declines in November
China's November PPI drops to 31-month low
Economic work conference focuses on stable growth
Top banker: Timely steps can maintain growth
9% GDP growth tipped for next year
China's CPI projected to slide further
China's GDP growth slowing to 8% in Q4

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Stable, relatively fast growth targeted