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Breaking the 3% deficit-to-GDP ratio....>

CHINA PRESS
MNI (London)
CHINA PRESS: Breaking the 3% deficit-to-GDP ratio is no big deal if it offers an
opportunity to support large-scale tax cuts and help sustain fiscal operations,
Time Weekly reported, Tuesday citing Yang Zhiyong from CASS's National Academy
of Economic Strategy.
- By reducing the corporate tax burden, it will help to improve productivity and
lower prices of goods and services, helping stimulate consumption, hopefully
expanding the tax base and creating a greater overall tax take for the
government, the newspaper said citing Yang.
(Link to the story: https://bit.ly/2SgbKOC)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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