BOAO, China -- Premier Li Keqiang pitched deregulation and tax cuts as stabilizers for his country's slowing economy at this year's Boao forum. As when he spoke three years ago, there are concerns about the Chinese economy, but the issues China faces are deeper this time, and Beijing's policy playbook is thinner.
Li cited trade and electricity generation as evidence that financial deregulation and tax cuts were having an effect, saying reform and opening up will bring out the potential in companies and people. The government decided at this month's National People's Congress to lower taxes and social insurance premiums by 2 trillion yuan ($297 billion).
