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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessChina cannot simply follow the U.S......>
CHINA PRESS: China cannot simply follow the U.S government tax cut with one of
its own, as the country needs strong fiscal support and should put operating
efficiency improvement of state-owned enterprises as the top priority, the
Securities Times reported Thursday. China needs to increase its productivity and
maintain low aggregate costs to compete with the U.S, the report said. The U.S
can issue government bonds to supplement fiscal shortages and transfer crises,
but China can not. Chinese companies need to improve their core competitiveness
and should not rely on a tax cut, the report noted. In practice, China has
reduced its taxes by replacing the business tax with a value-added tax (VAT) and
removing many administrative fees, the report argued. (Securities Times)
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.