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Tax rebate hike for textile, garment exports effective from Feb 1

(Xinhua)
Updated: 2009-02-05 16:12

China's policy to increase the tax rebate rate for textile and garment exports from 14 percent to 15 percent becomes effective from Feb 1, said the Ministry of Finance in Beijing on Thursday.

An executive meeting of the State Council, China's Cabinet, announced the policy change on Wednesday, saying the move would reduce exporters' costs and support the textile industry.