" China Daily" report, China since June 1st to reduce collection of more than 600 kinds of products of the value-added tax, further improve the export tax rebate rate of some commodities. This is since August last year, in response to the financial crisis on the export of the impact, China seventh times to raise the export tax rebate rate.

    Shanghai negotiable securities macroscopic analyst Li Jianfeng said, in the past few months tax incentives has a role to play, labor-intensive products exports began to pick up, the overall trade decline gradually hasten delay.

    According to the Ministry of Finance announced, this adjustment is divided into five grades, and relates to the agricultural deep processing, mechanical and electrical, shoes and hats, glass products, iron and steel products for different types of processing and manufacturing products, from June 1st after the adjustment of export tax rebate rate from 5% to 17%. Among them, TV transmitting equipment, sewing machines and other merchandise export tax rebate rate the highest, reaching 17%.

    Former Chinese exports in April amounted to $337420000000, down 20.5%; imports of US $261990000000, down 28.7%.