China in economic growth boost

China's government has acted for the first time this year to boost economic growth after a string of disappointing data led to fears of a slowdown. The government said it will cut taxes on small firms and speed up the construction of railway lines. The measures had previously been included in China's economic work plan for 2014. However, they had not before put them together in a package aimed at boosting growth. "We will find innovative ways including fiscal and financial methods to...steady economic growth," the cabinet said, according to BBC.