Tax cut will move Chinese economy into new growth cycle

Chinese government should grasp the chance to extend tax cuts to improve efficiency of financial supply, to improve orderliness of land supply as well as labor supply, and reduce management cost. Overall tax-cut will serve as the impetus of the reform in supply system, and initiate China's economy into a new growth cycle. Some leading macroeconomic indicators have already shown signs of stabilizing, as a series of supportive measures have gradually taken effects after five years of economic downturn. However, strained by the lack of power to form and expand new supply, China's economy is in need of a momentum to lead the rebound. Given the circumstances, should Chinese government take no...