- MarketPulse - https://www.marketpulse.com -

China to cut taxes to spur growth

China’s top leaders have ended a vital economic meeting with a fiscal pledge to support economic growth next year.

According to state media, Beijing policymakers will keep liquidity “ample” and cut taxes on a bigger scale in a bid to keep 2019 growth within a “reasonable range.”

The world’s second-largest economy grew at 6.5 percent year-on-year in the third quarter of 2018, marking the weakest pace since the global financial crisis in 2008.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [15]

Senior Market Analyst, UK & EMEA at OANDA [16]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [15])