Money Morning Investment Director Keith Fitz-Geraldhas been leading an investment trip through China, taking in thatcountry’s culture and scenery, as well as its investment opportunities.Here is Part V of a short series detailing his observations anddiscoveries.

The question came to me as I was standing on the floor of the Hong Kong Stock Exchangehere. I’d be willing to wager that quite a few investors - both withinChina and back in the United States - are wondering about this, as well.

Here it is: Will China implement a long-rumored capital-gains tax, and risk (another) major sell-off as a result?

Only Beijing’s inner circle knows for sure, and that only stokesinvestor speculation. The uncertainty can lead to rampant, knee-jerksell-offs each time the scuttlebutt of an "imminent" tax surfaces. Andthose rumors have been surfacing over and over again - since 1994.That’s the year that Beijing’s Ministry of Finance pronounced thatinc...

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