China Will Increase The Tax Rebate For Chlorinated Polyethylene - Polymer Additives

- Oct 29, 2018-

China will increase the tax rebate for chlorinated polyethylene

China said on Friday it will increase export tax rebates for 397 items ranging from some steel products to electronic ones, in a bid to boost prospects for shipments amid its trade war with the United States.

Exports are one of China’s key growth drivers, and any loss of momentum for us will pile more pressure on its already cooling economy.

China’s export growth has exceeded analysts’ expectations for the past five months, with some analysts believing Chinese exporters are rushing out shipments to beat fresh U.S. tariffs.

Chlorinated polyethylene is on the list of tax rebate too, rasing from 13% to 16%, which means China's CPE with gain more competitiveness on the globle market.

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