China will give fixed rebates on value-added taxes (VATs) to local governments beginning this year, according to the State Council, in a bid to beef up their fiscal strength while
In the news: China proposes to fix VAT rebates, the Shenzhen-Hong Kong Stock Connect launches and the PBOC tightens offshore renminbi loan controls
The State Council planned fixed rebates on value-added taxes to boost local government revenue, trading levels on the Shenzhen stock link's launch fell below expectations and the central bank stepped up inspections on Chinese companies' cross-border loans
By
Katherine Jo
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