please contact sales@tanchin.hk for any inquiry
China's Xinhua News Agency reported Wednesday that Premier Li Keqiang of the State Council said that China's economy still faces downward pressure and the government will respond by deepening reform, expanding openness and reducing taxes and fees on a large scale.
Li Keqiang, meeting with International Monetary Fund (IMF) President Lagarde on Wednesday, said there were still many uncertainties in the current international economic situation. In the first quarter, China's economic performance was generally stable and better than expected, with a good start. The IMF raised its expectations of China's economic growth, demonstrating confidence in China's economic development.
"At the same time, we are well aware that under the current complex situation, China's economy is still facing downward pressure. China is still the largest developing country in the world. We will continue to stimulate the vitality of hundreds of millions of market participants and withstand downward pressure by deepening reform, expanding openness, simplifying government and decentralizing power, and reducing taxes and fees on a large scale. We will not underestimate difficulties, but also enhance confidence. We will ensure that the economy runs in a reasonable range by promoting a series of reform initiatives and putting them into practice. Li Keqiang pointed out.
Lagarde said that China's economic growth in the first quarter was surprisingly good. The IMF believed that China's adherence to reform and opening up and the adoption of tax cuts and fee cuts would lead to greater development in the future, and that China's economic growth would further promote global economic development.
China's economy grew steadily by 6.4% in the first quarter, and market growth was expected to slow further. Industrial value added, total retail sales of consumer goods and investment performance above March were better than expected, following a series of measures taken by the government to promote economic expansion in the past few months.
Policy insiders said that the central bank may suspend further relaxation of deposit reserve requirements for lending institutions before assessing the economic situation; previously better-than-expected economic growth data in China reduced the urgency for action.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

NKI17/16 NKI15/20 NKI15/16 NKI12/20 NKI12/16 NKI10/20 NKI10/16 NKI9/16 NKI9/12 NKI7/16-TV NKI7/12-TV NKI6/16-TV NKI6/12-TV NKI5/16-TV NKI5/12-TV RNA4910-2RSR RNA4909-2RSR RNA4908-2RSR RNA4907-2RSR RNA4906-2RSR