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Trade war

China doubles down on tax cuts in race to halt economy's slide

Beijing readies big package for 2019 on top of last year's near-$200bn relief

A view of the Shanghai skyline. China is turning to tax cuts to simulate the economy in a shift away from public works projects.   © Reuters

BEIJING -- China is sticking with a large-scale tax cut strategy deployed last year to keep the economy humming, adding to the 1.3 trillion yuan ($192 billion) of relief already in place with further cuts to income taxes and social security premiums.

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