Free Trial

Premier Li Says Economy Faces New 'Downward Pressure': Xinhua

CHINA PRESS
MNI (Singapore)

China's economy faces new downward pressure, Chinese Premier Li Keqiang said, calling for new "phased, coordinated" policies lowering business taxes and fees to be formulated to address the production and operational difficulties faced by small and proprietary businesses, Xinhua News Agency said. Li, who chaired a meeting with market regulators on Monday, also urged financial institutions to transfer a reasonable portion of profits to the real economy, according to the official news agency. Authorities should also ensure stable supplies and prices of electricity and coal and use unemployment insurance to support workers, said Xinhua citing Li.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.