China pledges more fiscal support as virus roils a slowing economy
Mon, Feb 17, 2020 - 5:50 AM
Employees working on a production line for surgical masks at a factory in Nantong. China's "targeted and phased" measures include reducing or exempting value-added taxes for firms providing essential goods or logistics, and more funds for provincial authorities.
CHINA pledged to roll out more effective stimulus measures despite a widening fiscal gap as the novel coronavirus hits an already slowing economy, highlighting the challenges the epidemic is imposing as the death toll stacks up and thousands of new cases are reported each day....