Rebate cuts threaten China

Lin, Chow Bee
June 2007
ICIS Chemical Business;6/25/2007, Vol. 2 Issue 72, p7
Trade Publication
The article reports on the effects of the reduction of tax rebates for chemical exports beginning July 2007 in China. According to a U.S.-based chemical manufacturer, the reduction of tax rebates will be less attractive to manufacturers to operate in China and will transfer to countries where lower production costs and better investment incentives. The general expectation of the export rebates for various plastic products could be reduced to 5-6% from the current level of 11%.


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