China is set to raise export tax rebates on textile products to 17 percent after the government unveiled six measures to shore up flagging exports on Wednesday, analysts said.
Although the move hasn’t been officially announced, there has been much speculation among industry insiders and experts that higher tax rebates are on the way.
Tags: export, tax, [...]
Investment firm ARC Capital Holdings Ltd ARCHu.L reported a 6 percent slip in full year pre-tax profit on Friday, but said its investments would benefit from resilient domestic growth in China.
ARC, which invests in China and neighbouring Asian countries, posted a full year pre-tax profit of $38.3 million, down 6 percent from the same period [...]
Tax rebates for China’s light industry should be increased to alleviate cost burdens on exporters, the cabinet said on Wednesday.
China also plans to remove unreasonable administrative fees and charges on industry players, and offer more, said a statement released after the executive meeting of the State Council presided over by Premier Wen Jiabao.
Tags: export, industry, [...]
An increase of 20 percent is expected for China’s imports and exports in 2008, showing a slight slowdown compared with that in 2007. Facing an even more challenging environment for its foreign trade in the future due to the international financial crisis, the country will adopt more trade facilitating measures.
The Ministry of Commerce released its [...]
Chinese expert has called energy industry to make appropriate investment and wait for a right time to streamline energy prices, though the international oil price has fallen below 60 US dollar per barrel.
Han Wenke, director with Energy Research Institute of the National Development and Reform Commission, said that it is the right time to stimulate [...]
Chinese scrap-metal buyers have reneged on about $1 billion in contracts from U.S. merchants as the market for the steelmaking raw material collapses, the Institute of Scrap Recycling Industries said.
Steelmakers, foundries and traders, ranging in size from “small to very large” and some with partial state ownership, have canceled contracts, refused delivery of shipments or [...]
