China is continuing its strategies to maintain growth ahead of the West. It announced today that it has has scrapped the tax levied on the interest income of individual stock account balances.
The country has also scrapped the 5 percent individual income tax on savings interest earnings. The long march continues.
I have more on my blog for those interested....I follow China closely and luckily have a few contacts to help me. And during these times we need to share info!! (Blog is.. deeplode.com)