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China's export tax rebate up 8.6% in 1st 8 months

(Xinhua)
Updated: 2009-10-07 15:24

China's tax rebate for exporters increased by 8.6 percent in the first eight months, according to the State Administration of Taxation.

Related readings:  China's export to see slight growth in Q4  Export volume up 9.3% in E China's export processing zone  Export orders fall for 11th straight month  China's export far from full recovery - analysts

China rebated 263.35 billion yuan ($38.73 billion) to its exporters in the first 8 months, an increase of 8.6 percent. In August alone, the rebate was 32.9 billion yuan, up 8.5 percent year on year,

The government has raised export tax rebates seven times since last August to shore up exports after exports shrank sharply on weakening overseas demand.

The latest rebate rise was announced on June 20, covering more than 2,600 items.