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China vows deeper VAT reform

China will implement a slew of measures to cut the VAT rates, making sure that taxes on all industries will only go down.

Efforts urged to accomplish target

Premier Li Keqiang urged solid efforts on March 20 to complete the development target and tasks set for this year.

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ABOUT THE PREMIER

Li Keqiang was endorsed as Chinese premier at the first session of the 13th National People’s Congress in Beijing on March 18, 2018.

China’s adoption of a GDP target range this year is consistent with the government’s determination of not allowing major economic indicators to slide out of the proper range.

At a press conference after the closing of the annual legislative session on March 15

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