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China proposes 'appropriate reduction' to stamp duty - govt spokesperson

SHANGHAI: 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.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Christopher Cushing)

Source: Reuters

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