CHINA: Another rise in export tax rebates imminent?
China is to raise the tax rebate rate on some textile exports from a April, the country's Xinhua news agency said today (25 March), citing an announcement from the State Council.
The move would come less than two months after China increased its tax rebate for textile and garment exports by 1%, to 15%.
It would also be the fourth rebate lift since last August.
The textile sector is considered one of China's 'pillar industries' but it has suffered from declining demand overseas.
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