Chinese Government is examining the duty drawback rate of export in some trade sectors, and is likely to reduce it by two percent.
The reduced rate would be related to exports of light industry, textiles, metallurgy, steel and machinery, informed Government sources.
Industry experts believe that if the drawback rate is completely removed, it would generate a positive impact on Chinese economy.
However, experts also added that drawback rate should not reduce on hi-tech machinery.
Fibre2fashion News Desk - China
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