China is said to plan $90 Billion cut in VAT for manufacturers

[vvideo code=”KY2B7CZU” autoplay=”yes”]

Share Video

Premier Li Keqiang is due to deliver his annual report on economic policy on Tuesday at the annual National People’s Congress. The government is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar with the matter said.

More From Guardian TV

Don't Miss