China's Ministry of Finance and State Taxation Administration announced

China's Ministry of Finance and State Taxation Administration announced

China's Ministry of Finance and State Taxation Administration has announced significant changes to its export tax rebate policy, effective December 1.
The export-tax-rebate rate for 209 products, including some refined oil products, photovoltaics, batteries and certain non-metallic mineral products, will be reduced from 13 per cent to 9 per cent.
The tax rebate for 59 other goods, including aluminium and copper products, will be cancelled.
The move will increase the costs for manufacturers and export prices. 
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