Update: China Vows Deeper Tax Cuts, More Spending
China’s top leadership vowed to enhance “countercyclical” adjustments in macro policy in 2019 through deeper tax cuts and more government spending under pressure from economic cooling and U.S. tariffs.
The Central Economic Work Conference (CEWC) this week in Beijing voiced “concerns amid changes” in the economic outlook. The key meeting of top Chinese officials, chaired by President Xi Jinping, convened to set 2019 economic policy for the world’s second-largest economy.
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