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

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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
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