The corporate tax cuts being pushed.....>

CHINA PRESS: The corporate tax cuts being pushed by U.S. President Donald Trump

may spur China to respond by reducing corporate administrative costs, for

example by reducing the premium companies pay for employees' social insurance

and public housing subsidies, a Jia Kang, a Chinese government-affiliated

scholar wrote in an op-end column for the official China Daily newspaper. China

may also promote public-private partnerships to attract private capital for

infrastructure and public projects to ease states' burdens. China is unlikely to

cut ts taxes as most of the burden on businesses are from the various fees, said

Jia, who is the director of the China Academy of New Supply-side Economics.

China's business tax rate is only 25%, with high-tech companies paying only 15%.

Income taxes in China only make up for 6% of the total tax revenue versus 47% in

the U.S., Jia wrote.