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
Topic |   China economy

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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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