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Residents' Deposit Structure Change
The levying of interest tax changed the deposit structure of the residents. Time deposit ratio dropped while demand deposit ratio increase. Besides partial deposit flew respectively into to stock market and consuming field.
New from Ministry of Finance shows that the interest tax policy has stimulated the consuming and investing of residents since it firstly carried out on November 11, 1999.
According to the experts, the levying of the interest tax would not only adjust the increasing of individual's deposit, but also guide the residents to spent or invest some of the deposit which surely enlarge inner demand, thus impel the national economy.
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