Chinese Government aims to lower financing costs for firms

Chinese Premier Li Keqiang (R front) shakes hands with economists and business executives from sectors including machinery, clothes, electronics, steel and logistics, after a meeting on current economic situation, in Beijing, capital of China, Nov. 10, 2015. (Xinhua/Yao Dawei)

Li said China will increase tax breaks to help companies. China will also implement a policy of equalising electricity prices for industrial and commercial users.
Li pointed out that China faces challenges including the middle income trap, structural problems and a slow global economic recovery.

The premier emphasized that China will place innovation at the centre of the national strategy, to boost the country's manufacturing and services sectors.

Source: CCTV