Beijing unveils measures to boost growth: tax breaks and railway construction

Friday, July 26th 2013 - 11:39 UTC

Full article 4 comments

China has unveiled a series of moves aimed at boosting growth, indicating that policymakers are concerned about the slowdown in its economy. The steps include tax breaks for small businesses, reduced fees for exporters and opening up of railway construction. Read full article

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Anglotino
Actually it is worse than people realise. Using proxy growth indicators, it is estimated that China's economy contracted in the last quarter and may be heading into recession.

I'm not sure what China's equivalent to INDEC is, but it's obviously also obeying its primary function of toeing the government's official line and not letting pesky reality intrude.

Expect more stimulus spending.
Jul 26th, 2013 - 01:48 pm - Link - Report abuse 0
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Briton
China has unveiled a series of moves aimed at boosting growth
Tax breaks for small businesses, reduced fees for exporters and opening up of railway construction.

We were here first,
But labour spent all the money
The EU handcuffed small business,
And beeching killed the railways.

Still
We can but try..lol.
.
Jul 26th, 2013 - 06:40 pm - Link - Report abuse 0
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JoseAngeldeMonterrey
China´s doctoring their economic data. Their juggernaut economic expansion is coming to an end at the same time their cheap labor pool no longer outweighs transportation costs anymore.
Jul 27th, 2013 - 10:49 pm - Link - Report abuse 0
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Anglotino
Couldn't have said it better myself.
Jul 28th, 2013 - 01:22 am - Link - Report abuse 0
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