China Mobile Limited Class A share price: VAT rate shift puts 600941 in focus before Shanghai open
China Mobile said a VAT reclassification will raise the tax rate on key telecom services from 6% to 9%, impacting revenue and profit. The company’s Class A shares in Shanghai closed at 96.38 yuan Friday, down 0.6%. The announcement comes as new data shows China’s factory activity slipped back into contraction in January.