Reporters' Log

Expert: China should further increase export tax rebates

By Wang Xu and Jiang Wei (chinadaily.com.cn)
Updated: 2009-03-04 12:34

China should further increase its tax rebates to help exporters in time of the financial crisis, according to an economist with the Development Research Center of the State Council.

Zhang Xiaoji told China Daily on the sidelines of the annual session of the Chinese People's Political Consultative Conference (CPPCC) the recent increases of export tax rebates are not enough. They are not as strong as the measures taken by the government during the 1997 Asian financial crisis.

He said the export sector contributed about 20 percent of the total revenue of the country's manufacturing industry and provides 70 million to 80 million jobs. A 10 percent drop in export can reduce up to 10 million jobs.

Xu Xiaolan, another member of the CPPCC, also submitted a proposal for raising tax rebates on all export of manufacturing products.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環(huán)境 soft environment
• 糧食最低收購(gòu)價(jià) crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農(nóng)民企業(yè)家 Farmer-turned-entrepreneur
• 窗口指導(dǎo) window guidance
• 下崗再就業(yè) Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more