This from overnight ICYMI, China is to boost its rebates to exporters from November 1
- Its a Cabinet level decision
The increase in export tax rebates was done for, Cabinet citing (amongst other reasons) to assist to "maintain stable foreign trade growth"
tax rebate
- to 16% for exports currently getting a rebate of 15% or 13%
- to 10% for exports that currently get a 9% rebate
The rebate was last raised in September … China is not taking the tariff imposition without a fight ….
