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
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China economy
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