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China to Raise Export Tax Rebates for the Seventh Time Since August 2008

The Chinese Ministry of Finance and the State Administration of Taxation announced that, effective June 1, 2009 export tax rebates will be raised for processed farm products, machinery, shoes, glassware, iron and steel products, covering more than 2,600 items. It is the seventh time since August 2008 that China has raised export tax rebates to shore up its exports.

Source: The Central People’s Government of the People’s Republic of China, June 8, 2009