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The Chinese government raised export tax rebates on more than 600 export products, to shore up exports amid global economic downturn.
The Ministry of Finance (MOF) announced on Monday that as of June 1, export tax rebates on products such as machines, shoes, hats and toys will be increased by amounts ranging from 5 to 17 percent.
The government raised tax rebates for the seventh time since last August.
Source: China Daily. Click here to read the full article.
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Over the next few months don’t be surprised to hear a lot about China as the planet’s first green superpower. The State Council of China’s cabinet will soon release the details of a staggeringly large “new energy” programme that could make China a global leader in renewable energy and low – carbon technology.
China, a country that already makes most of the world’s solar panels and wind turbines will invest, as reports in the domestic media and from foreign diplomats suggest, between 1.4 trillion (US$200 bn) and 4.5 trillion yuan (US$600bn) over the next ten years in nuclear power plant, solar and wind farms, hydroelectric dams, “green transport”, “clean coal” and super efficient electric grids.
For full article, click here.
The third phase of excavation is to begin on Saturday (20th June) in the largest of three pits containing the terracotta army in Xi’an, northwest China. Archaeologists are hoping to find more clay figures and unravel some of the mysteries left behind by the “First Emperor”.
Liu Zhancheng, an archaeologist, said that his team hoped to find a clay figure that appeared to be “in command” of the huge underground army.
After a gap of two decades, digging was permitted to restart by officials thanks to technological advances that ensure the still – buried warriors keep their original colours once they are exposed to the air.
To read more about Terracotta Army click here.