Daily Market Updates: Tax breaks and a weak currency support China’s export boom

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Tax breaks and a weak currency support China’s export boom

Reported · Written up by our desk · Trade & Tariffs

The New York Times reports that China’s export boom is being supported by major policy measures, including large tax breaks and a weaker currency.

The outlet says those policies have helped sustain exports while widening China’s government budget deficit and making it harder for the country to rebalance its economy.

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Sources

NYT BusinessThe Hidden Policies That Power China’s Export Boom

Global Markets

Tax breaks and a weak currency support China’s export boom

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Sources

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