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WEALTH INSIGHTS
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What's behind the RMB devaluation fears again?
It's not the policy shift, but lack of policy communication by the PBOC that is causing volatility.
Chi Lo
Published Sat, Jan 23, 2016 · 5:50 am
China's plan to expand its value-added tax (VAT) reforms will let industries that enter the scheme this year pay 560 billion yuan (US$85.1 billion) less in tax than they did in 2015, the National Bureau of Statistics said on Tuesday.
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