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MNI POLICY: China to Cut More Taxes, Shun.....>

CHINA
CHINA: MNI POLICY: China to Cut More Taxes, Shun QE: Xinhua Cites Li
- China will pursue larger-scale tax and fee cuts to stimulate growth, but will
"resolutely" oppose quantitative easing, Xinhua News Agency reported Friday
citing Premier Li Keqiang.
- Li repeated that China won't open the credit floodgate, according to Xinhua's
report on the premier, who spoke at the "1+6" roundtable with world leaders
including the World Bank and IMF.
- Acknowledging the increasing difficulty of stabilizing growth, Li said China
is confident achieving its economic goals set earlier in the year, according to
Xinhua.
- China will maintain the continuity and stability of its macroeconomic
policies, utilize countercyclical tools, prioritize employment and further
implement policies opening up its financial sectors, Li said according to
Xinhua.
- For full story see MNI Main Wire at 03:12 GMT 11/22 or contact
sales@marketnews.com.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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