China lowered its target for economic growth this year and announced a major tax cut to boost the economy hit by slowing domestic demand while grappling with a debt legacy and the trade standoff with the US.
The gross domestic product growth target released Tuesday morning in Premier Li Keqiang’s annual government work report to the National People’s Congress was set at a range of 6 to 6.5 per cent for 2019. The shift to a band from the previous practice of using a point figure gives policy makers room for maneuver and compares with the goal . . .
To continue reading, please subscribe:
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!
What you'll get:
- In-depth & data-driven reporting on China's economy and financial markets
- Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter!
- Exclusive 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