The Chinese government hopes that lowering taxes on businesses will help to revive the economy by increasing output and employment. Photo: Reuters
The Chinese government hopes that lowering taxes on businesses will help to revive the economy by increasing output and employment. Photo: Reuters
Focus

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

The Chinese government hopes that lowering taxes on businesses will help to revive the economy by increasing output and employment. Photo: Reuters
The Chinese government hopes that lowering taxes on businesses will help to revive the economy by increasing output and employment. Photo: Reuters
READ FULL ARTICLE