Bloomberg News

Goldman Says China Tax Cut May Boost Middle Class Spending Power

October 28, 2011

Oct. 28 (Bloomberg) -- China’s decision to cut income taxes last month may lead to an 18 percent to 27 percent increase in discretionary spending power for the nation’s middle class, Goldman Sachs Group Inc. analyst Joshua Lu said at a briefing in Beijing today.

To contact the editor responsible for this story: Bloomberg News at jliu42@bloomberg.net


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