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China will secure positive growth in its economy this year, and the country is aiming to restore its economic development to a reasonable range next year, Premier Li Keqiang said on Tuesday.
China will press ahead with an action plan aimed at upgrading consumption by encouraging the provision of better quality goods and services to the public, officials and executives decided at a meeting in Beijing on Thursday that was organized by the Ministry of Commerce.
China's GDP grew by 3.2 percent year-on-year in the second quarter, according to China's National Bureau of Statistics. Szafarz spoke highly of the growth, saying that China has overcome the adverse effects of the epidemic and the global economic recession, and has become the first major economy to resume growth since the outbreak of the epidemic. "This will play a positive role in the reconstruction of the world economy in the post-epidemic era."
China's A-share market will be negatively influenced in the short term by the trade war initiated by the United States, but economic fundamentals will determine its performance in the medium and long term, according to experts.
China will further VAT reform in 2019 to ensure tax will only be cut rather than increased, the Minister of Finance said. The total taxes and fees to be cut this year may exceed the governmental target of 2 trillion yuan, according to minister Liu Kun.
来源：资阳报