China’s urban middle class taxpayers will be getting deductions to help ease their biggest spending concerns on housing, education, health care and elderly care. Photo: AFP
China’s struggling middle class may find small relief in tax deductions
- Beijing introduces new tax concept in bid to get consumers spending more as part of its response to US-China trade war
- Analysts doubt it will make much difference in the short term
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China economy
China’s urban middle class taxpayers will be getting deductions to help ease their biggest spending concerns on housing, education, health care and elderly care. Photo: AFP