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News : Business

China is said to plan $90 Billion cut in VAT for manufacturers

By Bloomberg
05 Mar 2019   |   2:48 pm   |   3m 58s
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.


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