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China's benchmark Shanghai Composite Index closed 0.08 percent higher at 3,395.91 points Wednesday. It has gained 9.4 percent this year.
China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan (.58 billion) this year, according to a decision made at a State Council executive meeting on March 28.

China's State-owned enterprises (SOEs) will play an exemplary role in controlling debts and reducing financial leverage, according to a report by Economic Information Daily on Monday.
China's biggest cement producer will construct 100 cement factories across 50 economies in Asia and Africa during the next three years, the company's chairman confirmed in London on Tuesday.
China will work harder to ensure financing costs faced by micro and small enterprises are further reduced, with a target of making outstanding loans to these firms approved by the five large State-owned commercial banks increase by over 30 percent this year, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday.
来源:资阳报