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China: Duty Drawback Rate on Exports Likely to be Cut

China: Duty Drawback Rate on Exports Likely to be Cut

Write: Timon [2011-05-20]

Chinese Government is examining the duty drawback rate of export in some trade sectors, and is likely to reduce it by two percent.

The reduced rate would be related to exports of light industry, textiles, metallurgy, steel and machinery, informed Government sources.

Industry experts believe that if the drawback rate is completely remmoved, it would generate a positive impact on Chinese economy.