Today’s top business headlines with ChristineRomans before the opening bell on Wall Street:
London 1. China slowdown: The Chinese government announced it is slashing business taxes in order to prevent the economy from slowing down too sharply.
China is now forecasting growth of between 6% and 6.5% in 2019. That would represent a decline from last year's 6.6% rate of expansion, which was already the country's weakest annual growth in three decades."There has been a more complex and severe environment facing our country's development this year," Chinese Premier Li Keqiang said in a speech.However, even the lower forecast left some economists skeptical.
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