The US-based rating agency, Moody’s Investors Services is out with its take on Beijing’s stimulus measures, citing that it could be a credit negative for China. Key Points: China’s plan to cut personal income taxes is credit negative for regional and local governments. The action will further widen the gap between their spending needs and funding capacity (a credit negative). Contributions from personal income tax revenue as proportion of RLGS’ Western revenue will decline to 3% in 2019 from 5.2% 2017. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD reclaims 0.7100 for the time being as China Caixin PMIs remain above 50.0 FX Street 4 years The US-based rating agency, Moody's Investors Services is out with its take on Beijing's stimulus measures, citing that it could be a credit negative for China. Key Points: China's plan to cut personal income taxes is credit negative for regional and local governments. The action will further widen the gap between their spending needs and funding capacity (a credit negative). Contributions from personal income tax revenue as proportion of RLGS' Western revenue will decline to 3% in 2019 from 5.2% 2017. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
