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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