Light sector plan may generate 3m jobs

China will take a slew of measures including hike in export tax rebate, credit support and elimination of outdated capacity to prop up its light industry, an industry stimulus and revival action plan said yesterday.

The authorities will further hike export tax rebate on some light industry products that do not form part of "high pollution, high energy consumption and capital intensive industries", said the detailed action plan released yesterday by the State Council, without elaborating.

The government, the three-year plan said, will extend financing support such as issuing credit line to companies which have good track record but are temporarily short of liquidity, to help them weather the economic downturn.