Press "Enter" to skip to content

China announced stronger-than-expected tax cuts

China will cut taxes and fees on a larger scale in 2019, by nearly 2 trillion yuan ($298.31 billion), in a move to reinvigorate the economy that is growing at the slowest pace in three decades, according to the government work report delivered by Premier Li Keqiang on Tuesday at the opening of "two sessions" - China’s annual gathering of its legislative and political advisory bodies.

The package exceeds market expectations which range from 1.3 trillion yuan and 1.5 trillion yuan.

The deeper tax cuts come as the government lowered this year’s economic growth target to . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top