over the next ten years through bold supply side reform. we will cut taxes, helping businesses invest in theirfuture, we taxes, helping businesses invest in their future, we will tackle the cost of energy and control government spending. we will create new low tax, low regulation zones to attract investment in communities up and down our country, creating new hubs for innovation and enterprise. we can revitalise local areas in the same way as we regenerated the london docklands. families are a vital part of our lives and a crucial building block for a stable society. they don t just look after themselves, but they are part of communities, charities, and even businesses. we will review the taxation of families to ensure that people are not penalised for taking time out to care for children or elderly relatives. we will turbo charge the rural economy by focusing on farmers growing food and
The Chinese Communist Party’s 19th Party Congress, a hugely important political meeting usually held once every five years, will begin on October 18 in Beijing. Like many events involving China’s ruling party, the most important decisions and conversations will happen behind closed doors. Most attention will focus on the political horse race for top positions in the
Measures set to further unlock demand, enhance economic growth momentum
The advantages of China s huge domestic market will become even more prominent in 2021, as efforts to tackle the bottlenecks constraining domestic demand complement the continuous focus on supply-side reforms, a key part of Xi Jinping Thought on Socialist Economy with Chinese Characteristics for a New Era, officials and experts said.
With the policy measures to unlock the huge potential of domestic demand, the country is likely to head for more than 8 percent economic growth this year and share the benefits of its economic resilience with more foreign businesses and investors, they said.
moody s downgraded china s credit rating. cnbc s generjemaah act man join. moodies is downgrading on the back of rising debt levels and the slow pace of economic reform. this all coming in the context of moody s saying it expects on going slowdown in chinese growt the years ahead while the chinese finance ministry did not ta ts lying down at all. they hit back at moody s earlier today saying moody s used an inappropriate methodology which caused it to overestimate the scale of the challenges facing the chinese economy and underestimate how much the chinese government will be able to do to boost overall demand and also to affect supply side reform. what s interesting is usually markets don t react that much to what foreign rating agencies say when it comes to chinese equities and/or debt. in this case they actually did. we saw a big initial sell-off