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The Chinese recipe for boosting the economy after the pandemic

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The reduction of taxes and related charges, which are essential for the stability of economic growth, should be further implemented by the end of the year.

Chinese Premier Li Keqiang yesterday called for the consolidation of efforts to achieve sustainable economic growth, but also to ensure that the 2020 development targets are met.

The Chinese Prime Minister made the remarks via teleconference during a digital symposium on the state of the economic situation in China, while the work of the symposium was also attended by the Vice President of the Chinese Government Han Zheng.

Li called for efforts to address the challenges of economic growth through reforms and the opening up of the economy, in order to achieve a decisive victory in the fight against poverty and to achieve the economic growth goals for 2020.

The reduction of taxes and related charges, which are essential for the stability of economic growth, should be further implemented by the end of the year, Li stressed, while emphasizing the need for substantial market financing. This funding should be collective, covering the needs of small and medium-sized enterprises, as well as companies in difficulty.

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