Economics
China Pledges More Stimulus in 2019 as Economy Seeks Bottom
- More tax cuts, easier monetary policy in the cards for 2019
- China to seek to implement Argentina trade deal with Trump
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China’s top policy makers confirmed that more monetary and fiscal support will be rolled out in 2019, as the world’s second-largest economy grapples with a slowdown that’s yet to show signs of ending.
“Significant” cuts to taxes and fees will be enacted in 2019 and while monetary policy will remain “prudent,” officials will strike an “appropriate” balance between tightening and loosening, according to a statement published after the annual Economic Work Conference that concluded in Beijing Friday.