China unveiled sweeping fiscal measures including 2 trillion yuan in tax cuts and increased infrastructure investment to counter its weakest economic growth in nearly three decades, citing trade tensions and declining domestic demand as key challenges.
Economic Targets and Policy Shifts ¶
Premier Li Keqiang set a 2019 growth target of 6.0-6.5%, lower than the 6.6% recorded in 2018, as Beijing faces headwinds from the U.S.-China trade war and a 1990-level GDP expansion pace. The government emphasized a
