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
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