Premier Li Keqiang announced his government work report during the opening of the National People's Congress at the Great Hall of the People in Beijing. Photo: AFP
China businesses offer mixed reaction to VAT cut as exporters still call for more help amid slowdown
- New 13 per cent value-added tax rate announced by Premier Li Keqiang on Tuesday still higher than in competitors across Asia like Vietnam, South Korea and Indonesia
- Exporters remain under heavy pressure from lack of access to credit and the impact of US-China trade war
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China economy
Premier Li Keqiang announced his government work report during the opening of the National People's Congress at the Great Hall of the People in Beijing. Photo: AFP