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China Officials Tap Lower Tariffs, Debt Sales to Aid Growth

Mar 25, 2019

China’s top officials pledged to lower tariffs and expedite debt sales in 2019 as they seek to manage an economic slowdown while tackling the trade standoff with the U.S.

The country will continue to cut import taxes and create a first-rate environment for foreign businesses as it opens up the economy, Vice Premier Han Zheng said at the China Development Forum in Beijing on Sunday, without offering details on tariff reduction.

Han reaffirmed policies to better protect intellectual property rights, forbid forced technology transfers and reduce restricted areas for foreign investment toward the level of access in free-trade zones. Meanwhile, the government will speed up bond sales and the use of the funding to boost domestic demand, Finance Minister Liu Kun said at the same event.



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