EASING THE BURDEN
Mar 24, 2022
3 minutes
By Yuan Yuan
During a press conference on March 11, Premier Li Keqiang recalled his conversation with a dozen business people in 2021. They each talked about their individual corporate difficulties and their hopes for more government-led macro policy support. Li presented them with three relief options from which they could select their preferred one.
First, massive investment to help them get orders; second, distribution of consumption vouchers to boost consumer spending; and third, tax and fee reductions.
“They were silent for a moment and then almost unanimously went for the
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