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Stock ebb likely after rate boost |
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Shanghai stocks may slip lower this week after Friday's announcement that China raised interest rates for the third time this year and will cut taxes on savings account interest.
The moves could raise |
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Earlier savings exempted from interest tax |
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DEPOSITORS do not need to pay tax on interest earned in savings accounts before October 31, 1999, China News Securities said today, citing a new policy unveiled by China's central bank.
The People's Bank of |
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Yuan's gain may slow its pace |
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GAINS in the Chinese yuan will probably continue this week after the central bank raised interest rates to curb inflation and prevent the sizzling economy from overheating.
But analysts said the pace of |
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China raises key rate to cool raging growth |
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CHINA yesterday announced the third interest-rate rise this year, and sharply cut its tax on interest from bank savings to fight inflation and ward off overheating in the economy.
The interest-rate rise, |
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China boosts interest rates after announcing booming economic growth |
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China's central bank raised its key interest rates Friday, as the government tries to reel in its runaway economy and stem inflation worries.
A day after the government said the economy sped up in the |
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China raises interest rate, slashes interest income tax |
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by An BeiĦA Li Baojie
China announced Friday it will raise interest rates for the third time this year and slash interest tax for bank savingsĦA one day after the release of strong first-half |
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