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| Topic: |
History
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| Number of pages / Number of words: |
10 / 2781 |
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The announcement didn't specify rebate levels for all the affected goods.
``The policy change will have a big negative impact on textile companies that aren't competitive, especially those that produce low-priced clothing and materials,'' said Wang Wei, a textile analyst at China Merchants Securities Co...
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in Shenzhen.
Tire Impact
China will also stop collecting taxes on 10 types of exports including peanuts, oil paintings and stamps, dropping the current policy of giving tax rebates on these products, the ministry said.
Export rebates will be cut for rubber, plastics and related products to 5 percent, the ministry said without providing details of the previous level of rebates...
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