China cuts taxes, sees ‘tough struggle’ as growth slows

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AFP
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Tue, 2019-03-05 03:07

BEIJING: China’s premier warned Tuesday that the country faces a “tough struggle” as he unveiled tax cuts and other measures to prop up an economy expected to slow further this year.
Premier Li Keqiang told the opening session of China’s annual National People’s Congress that the government is targeting growth of 6.0 to 6.5 percent this year for the world’s second-largest economy, lowering its range from 2018.

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