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Politics : Formerly About Advanced Micro Devices

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From: Brumar894/6/2012 11:59:36 AM
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Obama Administration Applauds Tax Cuts—In People’s Republic of China

By Terence P. Jeffrey

(CNSNews.com) - While making positive comments about the most recent five-year-plan developed by the Communist government of the People’s Republic of China, Undersecretary of State Robert Hormats specifically applauded China’s decision to lower taxes because it would spur economic growth. “What’s really encouraging to me is that there are a lot of groups in China that are reform-minded,” Hormats said while addressing a group of foreign reporters in New York City last week

....

“China lowered taxes very recently, which will help increase demand, but it’s also good to boost consumption in China,” said Hormats. ....

http://cnsnews.com/news/article/obama-administration-applauds-tax-cuts-people-s-republic-china
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