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Reduced revenue from tax cuts is both...>

CHINA PRESS
CHINA PRESS: Reduced revenue from tax cuts is both expected and affordable for
Chinese authorities, according to a report in Economic Daily on Wednesday.
Citing Bai Jingming, deputy director of the Chinese Academy of Fiscal Sciences,
the report said the cuts have promoted economic growth and boosted the tax base,
which will have a positive impact on the fiscal balance in the long run.
National fiscal revenue grew 3.2% y/y in the first eight months, decelerating
6.2 percentage points from same period last year, the newspaper added. 

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