China's new finance minister Liu Kun to push for tax reforms

China’s new finance minister on Sunday vowed to push ahead fiscal reforms, including changes in tax on manufacturing and transportation, to support the government’s goal of “high-quality” growth.

Liu Kun made the comment at the China Development Forum in Beijing, in his first public speech since being appointed finance minister this month. He said that in 2018 China would reduce value-added tax levels for the manufacturing and transportation sectors, draft consumption tax legislation and implement a new performance review of budget management. Liu did not give details.

Liu called “invalid” a suggestion from an audience member that China had made