fxs_header_sponsor_anchor

News

China considers further tax cuts and potential VAT adjustment

In another attempt to lift the markets and boost economic growth, Reuters reports that China is considering further tax cuts and potential VAT adjustment.

Last Saturday, China announced tax cut plans for the households to spur growth after the country’s GDP hit a 10-year low.

The Chinese stock markets could track the rebound in its Asian peers and open higher on the further stimulus news.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.