China’s Prime Minister Li Keqiang says the country faces a tough struggle while he laid out plans to prop up the country’s economy.
Inaugurating the annual session of China’s parliament, Prime Minister Li forecast a slower growth of 6 percent to 6.5 percent this year, which is down from a target of around 6.5 percent last year, agency reports said.
China, which has been struggling with a slowing economy and trade war with the US, plans to boost spending. It also plans to increase foreign firms’ access to its markets, as well as cut billions of dollars in taxes, according to reports.
He said China now must be prepared for a tough struggle adding the country will face a “graver and more complicated environment”, risks and challenges. (Agencies)
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