China is going to lower taxes

beijing - China the taxes next year, 'significantly \u0026 # x27; \u0026 # x27; to lower. This is stated in the final statement of a three-day meeting between the highest policy makers. The government must also ensure that the fees...

According to the statement, monetary policy must be 'sensible' next year and 'find the right balance' between expansion and tightening. What that balance is, left the policy makers, including the Chinese president Xi Jinping in the middle.

The fact that there is no longer talk of a neutral policy as in previous years may indicate that Beijing wants to stimulate short-term demand and is no longer so focused on reducing long-term risks.