Rebates revamped to settle trade
By Jin Rong (China Daily)
Updated: 2006-09-16 08:53
Tax rebates on exports and the foreign exchange rate are widely viewed as two
policy measures readily available for the government to tackle the ballooning
trade surplus, experts said.
"However, adjusting the tax rebate is relatively more effective and easy
considering that any move on the foreign exchange rate is more sensitive and
more complex," said Zhong Wei, director of the centre for finance studies at
Beijing Normal University.
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