China to cut taxes, fees to support firms

Premier Li Keqiang speaks at a meeting at the China Banking and Insurance Regulatory Commission on Jan 4, 2019. [Photo/gov.cn]

China will further cut taxes and fees to support private and smaller firms' financing, said Premier Li Keqiang on Friday. 

Li made the statement at a meeting at the China Banking and Insurance Regulatory Commission after visiting the Bank of China, Industrial and Commercial Bank of China, and China Construction Bank.