The second session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opens at the Great Hall of the People in Beijing. Photo: Xinhua

China cuts taxes and defence budget growth, demands more profits from state firms

  • Value-added taxes cut more than expected. State firms have to hand in more profits to bridge fiscal shortfall
  • Defence budget growth slashed from 8.1 per cent to 7.5 per cent
Topic |   Two Sessions 2019 (Lianghui): Top Priorities

TOP PICKS

The second session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opens at the Great Hall of the People in Beijing. Photo: Xinhua
READ FULL ARTICLE