According to Xinhua News Agency, the head of China’s State Taxation Administration Wang Jun said the country will step up tax and fee cuts in 2022 with a view to stabilizing economic growth and high-quality development. According to Jun, these measures are “expected to exceed 1 trillion Yuan.” Further quantitative easing measures are also expected from the Chinese government in an attempt to bolster economic growth. The National People’s Congress in March and the 20th Party Congress can also exert a major influence on the Chinese Yuan. In light of the surging domestic cases in China, it may hold on to its tight ... (full story)