30.05.07 18:34 Age: 17 yrs

China's Stock Markets Fall after New Tax Measure Announced

Beijing, China - May 30, 2007

China's share prices fell sharply early Wednesday after authorities made another attempt to rein in the nation's booming stock markets by imposing higher taxes on trading from 0.1% to 0.3%. It is regarded as the last measure China took to dampen down China’s stock markets that have tripled in value since 2005. It seems like the attempt would help promote the healthy development of the securities markets. However, the fall could have serious impacts on China’s economy.

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http://www.chinadaily.com.cn/china/2007-05/30/content_883249.htm