China pledges economic stimulus, as German growth hits five-year low - business live

China’s finance ministry has pledged to cut taxes and boost spending, as it fights a slowing economyLatest: German GDP only expanded 1.5% last yearIntroduction: China promises tax cuts and spending boost
Central bank promises “ample” liquidity
State planner: We’ll make a good start to 2019Shanghai stock markets surges 2% 3.47pm GMT Here’s Jamie Rowlands, partner at City law firm Gowling WLG, on China’s pledge overnight to cut business taxes:This seems to be an