Authorities in Guangdong, the country’s manufacturing heartland, unveiled a 10-point plan on August 31 to ease the strain on the provincial economy inflicted by the trade war since the US and China imposed reciprocal tariffs in July. Photo: AP
‘Too little to dent US-China trade war costs’: Guangdong’s tax cuts leave export manufacturers cold
Ten-point plan to reduce burden on business won’t be enough to offset American tariffs and the general decline in economic activity, industry players say
Topic |
China economy
Authorities in Guangdong, the country’s manufacturing heartland, unveiled a 10-point plan on August 31 to ease the strain on the provincial economy inflicted by the trade war since the US and China imposed reciprocal tariffs in July. Photo: AP