China to raise exports tax rebates
Updated: 2012-02-20 11:17
By Ding Qingfen (chinadaily.com.cn)
NANCHANG — China will raise export tax rebate rates on a series of products including high-tech and high value-added goods and labor-intensive goods this year, when the time is appropriate, said Zhong Shan, vice-minister of commerce.
"We are studying launching relevant measures together with the authorities concerned" to stabilize export growth, said Zhong at the 2012 China Imports and Exports Work Conference held in Nanchang, Jiangxi province.
China's exports for January experienced a decline from a year ago, the first such fall during the past more than two years. Officials from the ministry have said many times that the prospects for the nation's exports are not positive and China will take measures to sustain the growth.
While it tries to stabilize tax rebate policies, China will, at the appropriate time, increase tax rebates on specific categories of goods including labor-intensive products.
The nation will also stabilize its currency policies, guiding domestic companies to take active measures to cope with currency fluctuations, he said.
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