Xi promises TaX CuTs, oTher help To enTrepreneurs

BEIJING — President Xi Jinping has promised tax cuts and other help to China’s entrepreneurs in a renewed effort to revive growth in a cooling, state-dominated economy amid a mounting tariff battle with Washington.

The comments appeared to be aimed at shoring up confidence among entrepreneurs who generate China’s new jobs and wealth amid complaints Beijing is dragging its feet on economic reforms and reining in the dominance of state industry.

The ruling party needs to nurture conditions to “let the private economy create vitality,” said Xi in a speech on Thursday to a group of entrepreneurs, according to the official Xinhua News Agency. —