China’s manufacturing sector ended its four-month downward trend in March but exports continued their long slide in the wake of the Washington-Beijing trade war. – AFP pic, April 4, 2019
CHINA has unveiled tens of billions of dollars of tax and fee cuts as part of a drive to kickstart the stuttering economy, extending pledges worth US$300 billion announced last month. With growth at a two-decade low and the economy struggling under the weight of the US trade row and a soft global outlook, leaders are looking to grease the cogs by getting the country’s vast army of consumers to start spending.
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