BEIJING - China is confident of maintaining steady industrial growth this year despite big pressures on the sector, underpinned by tax cuts and broad policy support, Minister of Industry and Information Technology Wei said on Monday.
Growth in the world’s second largest-economy cooled to a near 30-year low of 6.1% in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish domestic demand. Beijing will continue to implement tax and fee reduction measures this yeas, focusing on the manufacturing sector, Miao said without giving details.China will increase investment in research and development and use other policy incentives to help promote innovations and upgrade the manufacturing sector, Miao said.
Wen Ku, spokesman and head of the information and communication department at the ministry, said China has been conducting research on 6G for two years, but to date the government “had no obvious or standout results to share with anyone.”
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