Posted inChina

China must raise deficit-to-GDP ratio to 3%: analyst

Zhang Lianqi, managing partner at Ruihua Certified Public Accountants, believes it is necessary to raise the deficit-to-GDP ratio target to 3% in 2019, Securities Daily reported. Zhang also suggests the government lower the ceiling on the value-added tax from 16% to 13%, and gradually reduce corporate income tax from 25% to 20%. According to reports, large […]

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