China Considers Savings Tax Cut to Cool Stock Market

Chinese officials said the PRC government may scrap the 20 per cent tax on bank deposit interest as a means of cooling the country's overheated stock markets. The CSI 300 Index, which doubled in the past....

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By: Chris Owen
June 6, 2007
Chinese officials said the PRC government may scrap the 20 per cent tax on bank deposit interest as a means of cooling the country's overheated stock markets. The CSI 300 Index, which doubled in the past....