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Here is what we know about the current fiscal and monetary stimulus plans coming out of China so far:Chinese Premier Li Keqiang in Beijing on March 5, 2019. We’re cutting taxes, and politicians will have to spend less money on themselves. Keqiang lowered China’s growth forecast yesterday to as low as 6% to as high as 6.5%.
Beijing cut VAT rates to 16% for manufacturing and 10% for agriculture, transport service, construction, leasing services, wholesale and retail sales and real estate. The VAT rate of 6% bracket remains for financial, telecom and other services. The three percentage points cut off the manufacturing VAT tax was within market estimates, but the other VAT reductions were less than expected.
If investors were hoping for the equivalent of a C-Corp tax break, their hopes were dashed by Keqiang on Tuesday.This year’s report maintained the same line on real estate as it did last year, with the goal of maintaining a “stable and healthy development of the property sector.”
Flying communists?
Mary Tyler Moore reboot?
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China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday. $TSLA needs to merge with $NIO. best to stay away from China, because of immense Technologieklau On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
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