Nearly 70 pct of China’s mechanical, electrical products see export tax
Nearly 70 percent of the mechanical and electrical products China exported have enjoyed full export tax rebate, statistics from the State Administration of Taxation show.
Currently, China has 2,500 items of mechanical and electrical products on the export catalogue, of which 1,771 have seen value added tax (VAT) payment fully covered by tax rebate, thanks to several tax rebate cuts implemented this year.
Source: http://www.tmcnet.com July 2, 2009
