FMG 5.04% $17.50 fortescue ltd

Iron ore price, page-10729

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    https://www.todayonline.com/world/china-cut-value-added-tax-rate-manufacturing-construction-sectors
    BEIJING - China will cut taxes and fees for all companies by nearly 2 trillion yuan ($298.31 billion) in 2019, with the manufacturing, transportation and construction sectors set to benefit as Beijing looks to stimulate a slowing economy.

    China will cut the rate of value-added tax (VAT) for manufacturers to 13 percent in 2019, from the current level of 16 percent, according to a budget report issued at the opening of the country's annual meeting of parliament on Tuesday.
 
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