Financial Times FT.com

Tax rebates raised for Chinese exporters

By Mure Dickie in Beijing

Published: November 12 2008 17:09 | Last updated: November 12 2008 17:09

China, worried by slowing growth and widespread reports of factory closures, is to step up support for manufacturers by raising the export tax rebates paid on more than 3,700 types of goods.

The initiative, which will take effect from December 1, is the third such move since July. It was also decided at a meeting on Wednesday of the State Council, China’s cabinet, to scrap duties on some steel products, chemicals and grain exports.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this