China proposes ‘appropriate reduction’ to stamp duty – govt spokesperson

China has proposed an “appropriate reduction” to stamp duty, said Zang Tiewei, spokesperson for the Legislative Affairs Commission of the National People’s Congress (NPC) Standing Committee.

Zang told a meeting on Friday that the government had proposed to further clarify the scope of stamp tax collection, and improve the tax preferential regulations, according to a script posted on the NPC website.
Source: Reuters (Reporting by Winni Zhou and Andrew Galbraith; Editing by Christopher Cushing)