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China's fiscal revenue growth is........>

CHINA PRESS
MNI (London)
CHINA PRESS: China's fiscal revenue growth is likely to continue to fall, wrote
Ming Ming, a former PBOC advisor in an article published on Thursday, local
media reported. As manufacturing activities cool down amid increasing economic
downward pressure and the price of industrial products decline on weakening
demands, this will weigh on corporate profits and further squeeze VAT and
corporation tax which are the bedrock of fiscal income, Ming said. Tax and fee
cuts aiming to reduce the burden of small companies and residents are also
expected this year, further pressuring the coffers, Ming added.
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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