Taxpayers in Beijing and other major cities will be the major beneficiaries of China’s first income tax cuts in seven years. Photo: EPA-EFE

Is China’s first tax cut in 7 years too little, too late to boost consumer spending?

China cuts individual income taxes for first time since 2011, but hopes for consumer spending boost questioned

Topic |   China economy

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Taxpayers in Beijing and other major cities will be the major beneficiaries of China’s first income tax cuts in seven years. Photo: EPA-EFE
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