The Ministry of Finance and the State Administration of Taxation have raised export tax rebates on 3,770 items, most of which are labor-intensive goods, the China Securities Journal
reported. Rebates for rubber products, such as tyres, were increased from 5% to 9%; rebates for metal and glass modelling products were up from 5% to 13%; rebates for small goods like suitcases, shoes, caps, umbrellas, furniture, lamps and watches were up from 11% to 13%; rebate for some chemical products like toothpaste were up from 5% to 11%; rebates for stone and nonferrous metal products were up from 9% to 13%. The new rates will take effect on December 1.
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