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China to raise export tax refund on textile products |
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"Shanghai Stock Information Service Corp" said on July 9 that a bill to raise the export tax refund on Chinese textile products had been passed and the rebate would be raised from the current 11% to 13%(another view says 15%) for woven products, 11% to 15% for apparel and 5% to 15% for rayon. The policy adjustments will be announced some time between the middle and the end of July.
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