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

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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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