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Highlights of Premier Li's news conference

chinadaily.com.cn | Updated: 2019-03-15 09:16
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A reporter asks questions at a news conference for the second session of the 13th National People's Congress in Beijing on March 15, 2019. [Photo/Xinhua]

Govt to reduce VAT rates, lower insurance fees

China will cut the value-added tax rates April 1 and lower the social insurance fees from May 1.

Tax and fee cuts will be nearly 2 trillion yuan ($297.5 billion yuan) this year, a key measure to cope with current economic downward pressure. More

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