CX Daily: China Rethinks the Tax Rebates That Drove Its Export Machine
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In Depth: China Rethinks the Tax Rebates That Drove Its Export Machine
Starting Jan. 1, Chinese battery manufacturers will lose a financial buffer they have relied on for years: value-added tax (VAT) rebates on their exports. Following an eight-month transition, batteries will join steel, aluminum, copper, and solar panels on a growing list of products entirely stripped of these refunds.
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