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China lowers annual growth forecast as slowdown accelerates

Beijing is targeting growth of '6 to 6.5 per cent for this year'; tax cuts worth 2t yuan are also announced

"We have made a moderate adjustment to our projection on the basis of a thorough assessment of destabilising factors and uncertainties affecting the economic performance." - China's Premier Li Keqiang


CHINA lowered its growth target for 2019 and announced major tax cuts as it struggles to mitigate risks from its ongoing trade war with the United States.

China's Premier Li Keqiang told a floor of 3,000 delegates gathered in Beijing for the...

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