China to cut taxes as GDP growth to slow further in 2019

China to cut taxes as GDP growth to slow further in 2019

China on Tuesday lowered its economic growth target and unveiled tax cuts as the country looks to tackle the effects of a slowdown in the wake of a trade war with the US. The government outlined an estimated growth of 6.0 per cent to 6.5 per cent estimate for 2019. The tax cuts to the tune of nearly $298.31 billion are aimed to support the manufacturing, transport and construction sectors.

KCooper
KCooper
(Un)Fortunate Son
(Un)Fortunate Son 1 year

China historically has almost always been a powerhouse, literally powering the world’s economy. Only in the past 200 years did it decline in power before taking its place once more.

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