The Chinese government hopes that lowering taxes on businesses will help to revive the economy by increasing output and employment. Photo: Reuters
Reviving China: can ‘Xiconomics’ help mainland’s economy the way ‘Reaganomics’ boosted US?
President Xi Jinping’s call for ‘supply-side’ reforms, such as cutting government controls and allowing the free market to operate, means it could become a distinctive feature of China’s economic and social policies in 2016 and beyond
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The Chinese government hopes that lowering taxes on businesses will help to revive the economy by increasing output and employment. Photo: Reuters