According to the Ministry of Finance of China, as to curb the too rapid growth of the export, and to balance the import and export, China is going to adjust the tax refund rates for some export products as of July 1:
A. To abolish the tax refund for the following products:
1. rare or threatened animals, plants, and their products
2. some mineral products such as salts, solvent oils, cement, liquidized propane, liquidized butane, LPG, etc.
3. fertilizers
4. chemical products such as chlorine and dyes, except for fine chemical products
5. metal carbide and activated carbon products
6. leather
7. some wood boards and one-off wood chopsticks
8. common carbon welded pipe products (except for petroleum cannulas)
9. non-ferrous simply processed products such as bars and rods of non-alloy aluminum
10. segment of ships and non-power boats
B. To reduce tax refund rates for the following export products
1. vegetable oils, down to 5%
2. some chemicals, to 9% or 5%
3. plastics, rubbers and their products, to 5%
4. bags and suitcases, to 11%
5. paper products, to 5%
6. clothings, to 11%
7. footwears, umbrellas, down products, etc, to 11%
8. some stonewares, porcelain, glasses, pears, precious stones, precious metals, and their products, to 5%
9. some steel products (except for oil pipelines) to 5%
10. other base metal and their products to 5%
11. planers, slotting machines, cutting machines, drawing machines, to 11%; diesel engines, pumps, fans, drain taps and spare parts, rotating furnaces, coking furnaces, sewing machines, stapler, carts for golfballs, vehicles on snow, motorcycles, bicycles, trailers, lifting machines and their parts, bibcocks, welding machines, etc. to 9%.
12. furniture, to 11% or 9%
13. clocks and watches, toys, other miscellaneous products, to 11%
14. some wood products, to 5%
15. viscose fabric, to 5%
Important remarks: The translations are for your reference only.
See the original in Chinese version on
http://www.mof.gov.cn/news/20070619_1500_26821.htm
http://www.mof.gov.cn/news/20070619_3077_26825.htm
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