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Export tax rebate rate of China stainless steel is expected to continue to rise |
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The specific details of the New Deal on the steel tariffs and trade will be introduced next month (March),which is contained in the "Steel Industry Restructuring And Revitalization Plan". In case of maintaining the stability of the domestic market, the Chinese government will improve the export environment, adjust the relevant import the tax rate, to ensure that direct exports and indirect exports of steel to maintain more than 15% in total. Fair trade policies are also subject to adjust. It is reported that these measures will be published in March led by the Ministry of Finance, in conjunction with Development and Reform Commission, State Administration of Taxation, Ministry of Commerce, Industry and Information Ministry. |
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