United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

China to cut taxes, keep currency stable to counter slowdown

SeattlePI.com Tuesday, 15 January 2019
BEIJING (AP) — Senior Chinese economic officials say they will slash taxes, step up spending and help resolve financing problems of private and small enterprise to help counter the country's worst slowdown since the global financial crisis. The officials said Tuesday that Beijing will keep its monetary policy stable but flexible. A deputy central bank governor, Zhu Hexin, said the People's Bank of China was confident it can keep the value of the Chinese yuan steady. The officials were outlining plans for 2019 that were set at an annual policy meeting in December. In July-September, China's economic growth sank to a post-crisis low of 6.
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Stocks Up-And-Down As China Slashes Growth Tragets [Video]Stocks Up-And-Down As China Slashes Growth Tragets

LONDON (Reuters) - World shares remained near a five-month high on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, and a revived dollar headed for a fifth day of gains..

Credit: Rumble     Duration: 00:41Published

China to slash taxes, boost lending to prop up slowing economy [Video]China to slash taxes, boost lending to prop up slowing economy

China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to weaker domestic..

Credit: Reuters Studio     Duration: 01:36Published

Global stocks Fall [Video]Global stocks Fall

According to Reuters, Global equities markets fell for a third straight day on Thursday, with Wall Street stocks edging lower as weak Chinese economic data and mixed messages on the progress of trade..

Credit: Wochit     Duration: 00:43Published


Other recent news in Business

The $5 BILLION FINE Facebook expects to pay the FTC is a joke — on all of us (FB)BUSINESS leaders cheer as sponsors put brakes on Colorado paid-family-leave bill
BOEING earnings drop more than 10 percent in Q1, company pulls outlookNintendo profit jumps 39% on Switch SOFTWARE sales
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.