China must ease small firms’ tax burden amid ‘downward pressure’ on the economy, says Premier Li Keqiang

Nov 3, 2021 | INVESTING

Premier Li Keqiang has said China needs to lower fees and taxes for businesses, particularly struggling small and medium-sized enterprises (SMEs), to alleviate fresh challenges facing the economy.“The current economy is facing new downward pressure, and more than 100 million market players are the source of confidence and resilience to stabilise economic fundamentals,” Li said during a meeting on Tuesday with China’s top market regulator, the State Administration for Market Regulation.“It is…

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