Opportunity Intelligence: China will improve the export tax rebate policy to maintain the steady gro
CICC Network APP News: The executive meeting of the State Council held on October 8 decided to further improve the export tax rebate policy: From November 1st this year, the current export rebate rate for goods will be 15 % and part 13 % will be raised to 16 %; 9 % to 10 %, of which part to 13 %; 5 % to 6 %, partially to 10 %. The tax rebates for exports of products with high energy consumption, high pollution, resource products and the task of removing production capacity will remain unchanged. The pace of processing tax rebates will also be accelerated.
According to the original quotation analysis, this can achieve the effect of reducing the burden for enterprises and maintaining the steady growth of foreign trade. Since this year, the Ministry of Finance, Ministry of Commerce and other departments have frequently launched measures to stabilize foreign trade. Export rebates were up 9.5 % in the first eight months of this year, including 15.8 % in August, a strong boost to export growth.