the chinese govt's hand is forced. it HAS to DO something.
otherwise this bubble is going to go BOOM before the olympics and their coming out party will be ruined.
instituting a capital gains tax, phased in, will send the correct message.
CGT regimes are widely accepted throughout the western world. the chinese will get used to it if given a phase in period.
couple this with steady ride towards removing exchange controls on the renimbi and a soft landing is achievable.
the chinese govt's hand is forced. it HAS to DO something....
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Last
7,986.8 |
Change
65.500(0.83%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,921.3 | 8,000.0 | 7,921.3 |
| XJO (ASX) Chart |