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Recent Trade News
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April 16, 2009
1st Quarter China GDP growth 6.1% (compared with 10.6% 1st quarter 2008)
There are indications that the $585 billion stimulus package may be beginning to filter through the Chinese economy:
· Industrial output – 5.1% expansion in Q1 2009 (8.3% in March alone)
· Fixed asset investment, such as new factories and equipment was up 28.6% in Mar....
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April 1, 2009
Textile/Garment Export Tax Rebate Increase from 1st April 2009
hina raised the tax rebate for some textile and garment by 1 percent to 16 percent from April 1 in order to provide further support to the depressed export sector.
China has raised the export tax rebate rate for textiles four times since August 2008. The previous increase in February took the rate from 14 percent to 15 percent. ... |
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March 26, 2009
Tax Debate Increase Expected Starting 1st April 2009
The executive meeting of the State Council made a decision that China will raise the tax rebate rate on some textile, iron and steel, nonferrous metal, petrochemical, electronic information and light industrial exports starting 1st April 2009. Although exact details are yet to be released, this is in line with the recent stimulus package and support for ten core ... |
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