Ann: Jatenergy creates joints venture manufacturing operation, page-37

This renouncement by the Chinese Government will definitely boost Jat sales along nicely .
Quote
However, it has also announced a big stimulus plan with a cut of 3% to the top bracket of value added tax (VAT), which will boost the manufacturing sector.It has also made a 1% cut to the 10% VAT bracket.Analysts have estimated the VAT cuts are equal to around $170 billion, which is a serious amount of money even in a country as large as China and there will be further reductions in the tax burdens for major industries, including lower tax and welfare fees.
Stimulus for Wechat sale