People buy vegetables and fruits at a supermarket in Beijing on November 30, 2018. Photo: AFP

Impact of China’s tax-cut stimulus is estimated at US$300 billion, or 1.2 per cent of output, according to JPMorgan’s economists

  • China’s government will cut taxes on a “larger scale” to prop up the slowing economy, according to a Tuesday statement by deputy central bank governor Zhu Hexin, assistant finance minister Xu Hongcai and Lian Weiliang, vice chairman of the National Development and Reform Commission
Topic |   China economy

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People buy vegetables and fruits at a supermarket in Beijing on November 30, 2018. Photo: AFP
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