China Is Hitting Reality Now on ‘Impossible’ Tax, Deficit Goals

China Is Hitting Reality Now on ‘Impossible’ Tax, Deficit Goals
China’s government is grappling with an inconvenient truth: you can’t cut taxes, boost spending and reduce the budget deficit all at the same time. Having promised to do all three this year, a slowing …
China Is Hitting Reality Now on ‘Impossible’ Tax, Deficit Goals