Highlights of Premier Li's news conference
chinadaily.com.cn |
Updated: 2019-03-15 09:16
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Govt to reduce VAT rates, lower insurance fees
China will cut the value-added tax rates April 1 and lower the social insurance fees from May 1.
Tax and fee cuts will be nearly 2 trillion yuan ($297.5 billion yuan) this year, a key measure to cope with current economic downward pressure. More
