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 . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In