U.S. Republican tax reform..............>

CHINA PRESS: U.S. Republican tax reform negotiators announced Thursday that they

would "set aside" the controversial border adjustment tax idea to advance their

tax reform effort. "While we have debated the pro-growth benefits of border

(tax) adjustability, we appreciate that there are many unknowns associated with

it and have decided to set this policy aside in order to advance tax reform,"

according to the joint statement from six top House, Senate and White House

officials. China's official Xinhua News Agency reported the dropping of the

controversial BAT, which would have taxed U.S. imports but not exports and which

China opposed, but offered no immediate commentary on the move. The unofficial

Wallstreet CN warned that there still much work to be done on tax reform to

reassure an increasingly skeptical market. "One theory behind the crazy jump in

risk assets in the first half of this year was the confidence the market had in

(U.S. President Donald) Trump's new political agenda, including healthcare

reform, tax reform, increased infrastructure investment and looser regulations.

But there is little time left for Trump from the perspectives of politics, the

economy and the market," the newspaper said.