Wednesday,June 20,2007 Posted: 10:16 BJT(0216 GMT) People’s Daily
China’s Ministry of Finance said Tuesday that, starting July 1, the country would cut or eliminate export tax rebates for 2,831 commodities representing 37 percent of the total number of items listed on customs tax regulations.
A ministry spokesman said the move was one of a basket of measures to suppress overheated export growth and ease frictions between China and its trade partners.
The country will abolish export tax rebates on 553 “highly polluting products that consume heavy amounts of energy and resources” such as salt, cement, and liquefied petroleum gas, said the spokesman. Continue reading