MNI Policy: China May Increase Tax Cuts to....>

CHINA: MNI Policy: China May Increase Tax Cuts to Spur Confidence: Ma

- China may introduce significant measures including tax cuts to restore

confidence in the economy amid a persistently dropping stock market, according

to Ma Jun, a member of the country's monetary policy body. The government under

Premier Li Keqiang may cut taxes and administrative fees next year amounting to

more than 1% of the country's economy, Ma, also the former chief economist at

the People's Bank of China (PBOC), said in a press statement, a copy of which

was received by MNI. The effect may be greater in proportion than the tax cuts

implemented by the U.S. government, said Ma.

- For full story see MNI Main Wire at 06:27 BST 10/22, or contact us for full

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