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China will increase tax cuts and keep abundant liquidity to support growth in 2019
14:00 - 21/12/2018
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BEIJING (Reuters) - Beijing will increase tax cuts and maintain an abundance of liquidity in 2019 to stabilize economic growth, the official Xinhua news agency reported on Friday.
"China will maintain its proactive and prudent fiscal policy next year," the official Xinhua news agency said in a statement after an annual economic meeting of the country's top leaders.
"Beijing will increase its share of local government issues of private bonds on a relatively large scale in 2019 and strive to solve the difficulties of financing small and private businesses," she said.
"The government is trying to keep economic growth for next year at a" reasonable range ", Xinhua said
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