MEXICO CITY, Sept 13 (Reuters) – Mexico needs to raise its
tax take by at least 6 percentage points of GDP – or about $72
billion a year – to fund the incoming president’s spending
plans, a senior tax expert with links to the federal government
said on T hur sday.

Herbert Bettinger, a partner in Ernst & Young who advised
the Institutional Revolutionary Party (PRI) on its last tax
reform proposal, said party officials were considering several
alternatives to boost revenue and improve tax collection.

MEXICO CITY (Reuters) – China’s economy can make its 7.5 percent growth rate target for 2012, and the government will make sure growth does not fall too low, a senior official with China’s $480 billion sovereign wealth fund said on Friday.

Jin Liqun, chairman of the supervisory board of the China Investment Corporation (CIC), said China wanted to bring its economy onto a sustainable footing but was not “cavalier” about slowing growth, which has fanned fears about the world’s ability to withstand a deeper euro zone crisis.

MEXICO CITY (Reuters) – China’s economy can make its 7.5 percent growth rate target for 2012 and the government will make sure growth does not lapse too low, a senior official with China’s $480 billion sovereign wealth fund said on Friday.

Jin Liqun, chairman of the supervisory board of the China Investment Corporation (CIC), said the Chinese government wanted to bring the economy onto a sustainable footing but was also not “cavalier” about the slowing growth rate.