The conference came at a critical time for the world’s second biggest economy, with western liberal democracies turning increasingly hostile to China’s state-subsidised domestic growth model and its private economy is dogged with the negative effects of the trade war with the United States. Photo: AFP

China decides to rely on ‘larger scale’ tax cuts and home market to weather stormy 2019

Amid trade war with the United States, annual Central Economic Work Conference chaired by President Xi Jinping sets policy direction for next year
Beijing says it will implement proactive fiscal and prudent monetary policy

Topic | China economy

Zhou Xin , Orange Wang , Sidney Leng

Published: 8:00pm, 21 Dec, 2018

Updated: 11:25pm, 21 Dec, 2018

The conference came at a critical time for the world’s second biggest economy, with western liberal democracies turning increasingly hostile to China’s state-subsidised domestic growth model and its private economy is dogged with the negative effects of the trade war with the United States. Photo: AFP

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Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.