Pedestrians walk along the Bund in Shanghai. How far will China go with its tax cuts? The government announced cuts to personal income tax last year, and the market expects it to unveil a comprehensive tax relief package when the National People’s Congress meets in March. Photo: Bloomberg
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

For China, tax cuts may work where its 4 trillion yuan stimulus failed – by boosting the economy without creating more debt

  • Hao Zhou says with Beijing still struggling to control the debt that swelled as a result of its 2008 rescue package, it has no appetite for more debt-fuelled stimulus. One way to increase domestic demand is to reduce the tax burden

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Pedestrians walk along the Bund in Shanghai. How far will China go with its tax cuts? The government announced cuts to personal income tax last year, and the market expects it to unveil a comprehensive tax relief package when the National People’s Congress meets in March. Photo: Bloomberg
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