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International Law
: China HearsayChina Boosts Export Tax Rebates
By Stan
What a difference a recession makes. Wasn’t so long ago that everyone was looking for ways to slow down the growth of exports, particularly low-end stuff. Now it comes to this. Tis a strange time to be alive.
Tax rebates on shipments of textiles and garments will be increased to 14 percent. China last lifted the rebates by 2 percentage points to 13 percent on August 1.
The ministry also said that the rebate on exports of toys will be hiked to 14 percent from 11 percent now and that on furniture shipments will rise up to 13 percent from the current ceiling of 11 percent.
Full post as published by China Hearsay on October 21, 2008 (boomark / email).
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