Caixin
Oct 09, 2018 08:31 PM
ECONOMY

China Boosts Help for Exporters as Trade War Stings

A busy freight terminal at Zhongshan, Guangdong provice in July 16, 2017. Photo: VCG
A busy freight terminal at Zhongshan, Guangdong provice in July 16, 2017. Photo: VCG

*Amid trade tensions with the U.S., China will increase the size of tax rebates received by exporters, as well as aiming to make the payments more quickly

*As the nation faces headwinds from the trade war and a cooling economy, the government is also urging the acceleration of shantytown renovation projects, which may boost demand

(Beijing) — China will raise tax reimbursement rates for exporters from next month and accelerate a program to rebuild run-down neighborhoods, as the government bolsters efforts to cushion the impact of an escalating Sino-U.S. trade war and stimulate domestic demand.

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