China Plans $90 Billion Cut in VAT for Manufacturers
An employee sews shoe components in a factory in Wenzhou, China. (Photographer: Qilai Shen/Bloomberg)

China Plans $90 Billion Cut in VAT for Manufacturers

(Bloomberg) -- China is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar wi...
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