Chinese President Xi Jinping and Chinese Premier Li Keqiang arrive for the closing session of the National People's Congress in Beijing's Great hall of the People on Friday, March 15, 2019.
BEIJING — China’s top economic official says the country needs “strong measures” to counteract downward pressure on growth but Beijing plans to promote market-oriented reforms instead of relying on more lending and deficit government spending. Premier Li Keqiang, speaking in a nationally televised news conference, said Friday the communist government will cut taxes and take other steps to “boost the vitality of the market.”
Li said, “We certainly need to take strong measures to cope with rising uncertainties that we face this year.” However, he added that boosting lending or government spending might “lead to future problems.” Li expressed confidence Beijing can achieve its annual growth target of 6 to 6.5 percent. Economic growth last year fell to a three-decade low of 6.6 percent.
Aka, we need to steal more technology from other countries.
Govt control money only comes by taking from the Free Mkt & Individual Liberty economy shrinking it + All no cost control sales profit Govt control spending only inflates prices faster than wages so unaffordable by ever more ppl who become jobless poor homeless hungry.
Chinese “strong measures” scare the shit out of me.
that's only a diplomatic speaking 🤪🤪🤪
Ivanka not buying enough patents?
They better cut a deal with realDonaldTrump
ChinaUncensored
The VAT on manufacturing going from 16 to 13% is a huge move. Will see China auto manufacturing boom, especially in electric vehicles.
Read my lips?