China’s benchmark stock index has lost 25 per cent in 2018, making it one of the worst performing markets in the world. Photo: Reuters
China’s benchmark stock index has lost 25 per cent in 2018, making it one of the worst performing markets in the world. Photo: Reuters

China’s financial commission denies tax cut rumour during key economic meeting

  • Online claim said China’s leadership had decided not to cut taxes or fees during the ongoing Central Economic Work Conference
  • One-sentence statement from the Financial Stability and Development Committee reflects Beijing’s eagerness to shore up fragile market sentiment

China’s benchmark stock index has lost 25 per cent in 2018, making it one of the worst performing markets in the world. Photo: Reuters
China’s benchmark stock index has lost 25 per cent in 2018, making it one of the worst performing markets in the world. Photo: Reuters
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