China says 2019 tax and fee cuts will be larger than 2018

Chinese Finance Minister Liu Kun speaks during an interview with Reuters at the Ministry of Finance in Beijing
FILE PHOTO: Chinese Finance Minister Liu Kun speaks during an interview with Reuters at the Ministry of Finance in Beijing, China August 23, 2018. REUTERS/Jason Lee

January 11, 2019

BEIJING (Reuters) – China’s planned tax and fee cuts this year will be larger than those of 2018, Finance Minister Liu Kun told state television in an interview aired on Friday.

Liu also said the government was studying a plan to lower social security fees to reduce the burden on small companies. He said China’s proactive fiscal policy would send a clear signal to companies.

(Reporting by Kevin Yao and Min Zhang; Writing by Se Young Lee; Editing by Nick Macfie)

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