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Thread: China shouldn't lower the stamp tax for stock trading?
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[quote=JIMMYB,285061]After the government lowered the stamp tax for stock trading, Chinese stock market seems reviving again. Both Shanghai Composite Index and Shenzhen Component Index have surged. However, some people say that the surge can't last for long and the slump will reappear. According to Morgan Stanley, stamp tax cut for stock trading shows that the government has compromised with the speculators though it can stimulate the market. At the same time, the speculation in A share market might be more triumphant because the stock transferring fee is cheaper now. Except lowering the stamp tax for stock transferring, it seems that China has no other ways. What do you think? Will the market perform as some people predict, surging first and then slumping?[/quote]
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