China counts on tax cuts to buoy business in tough economic times ahead

//China counts on tax cuts to buoy business in tough economic times ahead

China counts on tax cuts to buoy business in tough economic times ahead

Chinese Premier Li Keqiang delivered a sombre outlook for the year ahead but offered hope in the form of cuts in fees and taxes as he presented the central government’s annual work report to the country’s political elite in Beijing on Tuesday.On the opening day of the National People’s Congress, Li referred to “risks”, “pressure” and “challenges” more than three dozen times in total, underscoring the hardship China expects in the fallout from slowing economic growth and its trade war with the…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-03-05T13:31:11+00:00 March 5th, 2019|Headlines|Comments Off on China counts on tax cuts to buoy business in tough economic times ahead