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Rebates will be pared for 2,268 other exports while 10 products will be made tax-free.
The world's fourth-largest economy may export more than any other nation next year, boosting its 2008 trade surplus by 45 percent to a record $257 billion, according to an April estimate by the Asian Development Bank. The U.S. Congress, labor unions and some manufacturers have accused China of spurring exports by keeping its currency weak against the dollar and giving rebates.
``The trade surplus is not merely an economic issue, it's also a political problem,'' said Wang Yuanhong, an economist at the State Information Center in Beijing, a unit of the government's top planning agency...
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Common topics in this essay:
- A Trade War With China?
- Analysis Of The Us-China Trade
- Avon products-China entry
- China Trade Surplus
- China and the World Trade Organization
- China'S New Rules Open Door To Amway, Avon, Others
- china's international accounting rules
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- Free Trade With China
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