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Garment export rebate cut could drive consolidation
By STAFF EDITOR
Published: June 29, 2007 02:51 PM
The recent decision to cut 2% off the export tax rebate on clothing could prompt the consolidation and reform of the textile and garment industry, the China Textile News reported. The rebate on clothing – China’s most exported good – will be reduced from 13% to 11%, while rebates ...
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