Yanglin Soybean, Inc (fka YSYB)

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China’s finance ministry cuts taxes & boosts spending!

ROCK SOLID REJUVENATED OPTIMISM REIGNS SUPREME!

Why do you think every significant U.S. & worldwide corporation is invested in China’s phenomenal growth?

“The markets are bouncing back today as Chinese policymakers vow to take action to spur growth, and ward off an economic slump.
China’s finance ministry has pledged to slash taxes, to reduce the burden on small firms, as part of a new stimulus drive.
Under the plan, Beijing will cut value-added tax rates for some companies, including in manufacturing, and hand tax rebates to others.
China also plans to step up fiscal expenditure this year, in what looks like a Keynesian push to help companies.
Xu Hongcai, Assistant Minister of Finance, told reporters in Beijing that the government was determined to ease the burden on small enterprises and the manufacturing industry, adding:
The focus is on enhancement and efficiency.
In a co-ordinated move to reassure markets, China’s central bank has promised to make monetary policy more forward-looking, flexible and targeted.
The People’s Bank of China also vowed to keep liquidity “reasonably ample” - which could calm worries that firms could run short of funds.
The country’s state planner has also weighed in. The National Development and Reform Commission (NDRC) said China will strengthen monitoring of its economic situation and improve its “reserve” of economic policies, as it targets “a good start” to 2019.” —sourced from Guardian News
https://www.theguardian.com/business/live/2019/jan/15/china-stimulus-hopes-markets-tax-cuts-ftse-sterling-business-live?CMP=Share_iOSApp_Other