Imports shrank by 7.6 per cent, after a 19.9 per cent collapse in January and February, below a Bloomberg forecast of 0.1 per cent growth. Photo: Reuters

China’s exports recover in March, but imports crash again as trade war deal nears

  • Exports grew by 14.2 per cent, a big jump from the 20.7 per cent fall in January and February
  • Imports fell 7.6 per cent, after a 19.9 per cent collapse in January and February, far below a Bloomberg forecast of 0.1 per cent growth
Topic |   China economy

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Imports shrank by 7.6 per cent, after a 19.9 per cent collapse in January and February, below a Bloomberg forecast of 0.1 per cent growth. Photo: Reuters
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Premier Li Keqiang announced the tax cuts in his annual work report at the “two sessions” meeting in March. Photo: Xinhua

China’s tax cuts were meant to boost its slowing economy, but will they end up hurting debt-ridden regions?

  • Premier Li Keqiang announced reductions in value-added and personal income taxes and a lowering of the social security contribution rate in March
  • The tax cuts are said to be worth 2 trillion yuan (US$298 billion), but local authorities are already asking for additional funding due to the economic slowdown
Topic |   China economy

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Premier Li Keqiang announced the tax cuts in his annual work report at the “two sessions” meeting in March. Photo: Xinhua
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