Chinese champions need a harder dividend squeeze, says cbeddor
Chinese Premier Li Keqiang said on March 15 that the government had collected 1 trillion yuan by reducing expenditures and taking in more profit from certain financial institutions and central state-owned companies, among other measures.
Beijing announced on March 5 that it would aim to cut corporate taxes and fees by almost 2 trillion yuan this year. However, it plans to keep the budget deficit at 2.8 percent of GDP in 2019, up only slightly from 2018.
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