China’s Export Tax Rebates Up 8.6 Percent

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Oct. 8 – Export tax rebates increased by 8.6 percent in the first eight months of the year, according to China’s State Administration of Taxation.

China’s export tax rebates added up to RMB263.35 billion through August, an increase of 8.6 percent. In August alone, the rebate was RMB32.9 billion, up 8.5 percent year on year.

The Chinese government has raised export tax rebates seven times since last August in an effort to shore up exports following weakened overseas demand as a result of the global financial crisis.

The latest rebate rise was announced on June 20, covering more than 2,600 items.

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