Archived China to slash taxes, boost lending to prop up slowing economy (reuters.com)
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Archived China to slash taxes, boost lending to prop up slowing economy (reuters.com)
submitted ago by Himfirst
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[–] derram ago
https://archive.ph/1jqs4 :
'Those tax cuts are more aggressive than the 1.3 trillion yuan delivered in 2018 and include reductions aimed at supporting the manufacturing, transport and construction sectors. '
'Analysts say Beijing’s move to adopt a GDP target range, rather than a single growth figure, gives policymakers room to maneuver. '
'The annual gathering in the capital includes more than 3,000 delegates, who come from all over China, with ethnic minorities showing up in colorful traditional outfits. '
'To support growth, Li said China would closely monitor employment at exporting companies heavily exposed to the U.S. market and cut the value-added tax (VAT) for the manufacturing sector to 13 percent from 16 percent. '
'U.S. Secretary of State Mike Pompeo said on Monday he thought both nations were “on the cusp” of a deal to end their trade war. '
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