BEIJING: China pledged to roll out more effective stimulus despite a widening fiscal gap as the Covid-19 novel coronavirus hits an already slowing economy, highlighting the challenges the epidemic is imposing as the death toll stacks up and thousands of new cases are reported each day.
The nation will further perfect and implement measures this year to reduce corporate taxes and cut unnecessary government expenses as the virus takes a toll on production, Finance Minister Liu Kun wrote on Sunday in Qiushi, the Communist Party of China’s flagship magazine.