![China Halves Trading Tax In Bid To Rescue Stocks](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2023/08/ChinaBearRedAug272023.png?fit=1152%2C669&ssl=1)
China Halves Trading Tax In Bid To Rescue Stocks
Beijing on Sunday slashed by half a key levy on stock trades, the latest in a series of increasingly desperate measures aimed at engineering a rebound in local shares, among the world's worst performers in 2023.
The decision was expected, if not guaranteed. Media reports suggested officials were studying proposals for a cut earlier this month. It's the first reduction since the financial crisis, and it's effective immediately.
Last week, China's securities regulator instructed pension funds, l
Cannot agree with more about the last sentence. Salute.