The Shanghai Composite Index rose 9.3%, or 304.7 points, to close at 3,583.0 after tax was cut from 0.3% to 0.1%.

It is a clear sign that the government wants to support share prices, which had fallen 50% from their peak levels in October 2007.



Author:
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Thursday, April 24th, 2008 at 6:48 pm
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