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China’s vice-FinMIn: Value-added tax reform will support the economy and structural adjustment

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Chinese vice finance minister Shi Yaobin was on the wires via Reuters, noting the following:

    Value-added tax reform will support the economy and structural adjustment

    China will replace a business tax with a value-added tax in its construction, property and financial services sectors, effective from May 1, and the country hopes to cut taxes by 500 billion yuan in 2016
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