Posted on 07/25/2013 6:43:35 AM PDT by Oldeconomybuyer
China has unveiled a series of moves aimed at boosting growth, indicating that policymakers are concerned about the slowdown in its economy.
The steps include tax breaks for small businesses, reduced fees for exporters and opening up of railway construction.
Beijing said it would suspend value-added tax (VAT) and turnover tax for small businesses with monthly sales of less than 20,000 yuan ($3,257; £2,125), starting from 1 August.
Policymakers said they would also implement measures to simplify customs clearance procedures, cut operational fees and facilitate the exports of small and medium-sized private enterprises.
It said it would set up a railway development fund, with the initial money coming from the government.
However, it will encourage private players to invest in the sector.
(Excerpt) Read more at bbc.co.uk ...
The governments rarely get it. What permits prosperity is a government that provides an infrastructure, public education (Not necessarily public schools) and civil order, and not much else.
Not too Kensyian is it?
The difference with China’s government is that it really does want growth.
I would point to Republicans as a force for good in this, but the GOP is just as anxious to send American industry to China.
The GOP is as bad, or worse, than the Democrats.
We need a new party.
A pro-American party. Gonna have to strongly oppose any attempt to skew that into something with racial aspects, but what we’re doing now doesn’t benefit America at all.
Buy American.
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