Tax, fee cuts to shore up economy

Annual Government Work Report sets 2019 GDP growth target of 6-6.5 percent

China lowered its annual GDP growth target for this year and planned to take a series of measures, such as reductions of taxes and fees, to shore up the economy, Premier Li Keqiang said in the Government Work Report he delivered to legislators and political advisers on Tuesday.

The country set the target of economic growth at between 6 and 6.5 percent in 2019, Li told participants in the opening of the second session of the 13th National People's Congress. China's year-on-year GDP growth came in at 6.6 percent in 2018.