China plans to increase export tax rebates in 2012

Source: China.org.cn
China may raise export tax rebates in 2012 in an attempt to stimulate its exports amid global economic instability. The decision will be made when time is appropriate and will be the first tax rebate increase in the last three years, said Zhong Shan, Deputy Minister of Commerce. The country will try to stick to its current foreign policies but will fine tune them when necessary, the minister outlined. The tax rebate will be increased on specific groups of products, comprising labor-intensive products, he added.

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Tue, 21 Feb 2012 08:27:20 GMT

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