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China Signals More Tax Relief as Li Says GDP Goal Won’t be Easy

  • Government set a GDP goal of ‘around 5.5%’ for this year: Li
  • Tax and fee cuts are most effective in supporting economy
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WATCH: China’s Premier Li Keqiang said the economic growth target for this year will be a challenge to meet. Stephen Engle reports.Source: Bloomberg
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China’s Premier Li Keqiang said the economic growth target for this year will be a challenge to meet and will require additional support measures, including further possible tax relief.

Li, who confirmed this is his last year in the post, defended the growth goal despite a number of risks clouding the outlook.