China is said to plan $90 Billion cut in VAT for manufacturers
05 Mar 2019 |
2:48 pm |
Premier Li Keqiang is due to deliver his annual report on economic policy on Tuesday at the annual National People’s Congress. The government is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar with the matter said.