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The WSJ mentioned "with its stock market down by about half since its peak, authorities in Beijing rolled back a year-old tax increase on stock transactions. The widely anticipated measure contributed to the day's 4.2% rise in the Shanghai Composite Index.
"The Ministry of Finance said it will reduce a tax on trading to 0.1% of the value of each purchase or sale of stock, effective Thursday. The official Xinhua news agency said the tax change, announced after the market closed Wednesday, is 'an effort to boost the equities market.'"
$52.93 (04/24/08)
