Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China's State Council rolls out more policy to boost exports
+ -
12:33, May 28, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 China sees 10% increase in import, export volume in April
 China raises export rebate to spur growth
 Exports see biggest drop in a decade
 China faces "grim" export situation: commerce minister
 Wen's report urges unslackened efforts to promote export
 Comment  Tell A Friend
 Print Format  Save Article
China's State Council announced Wednesday further support policies, including expanded export credit insurance, tax breaks and more financial access, to help exporters.

An executive meeting of the State Council, or Cabinet, also said the country would keep the yuan "basically stable" at a "reasonable and balanced" level to help exporters avoid exchange risks.

The meeting was presided over by Premier Wen Jiabao.

The government will provide 84 billion U.S. dollars worth of short-term export credit insurance to trading companies to help increase exports.

Preferential policies and tax breaks will mainly go to labor-intensive and high-tech industries to protect world market share.

Smaller companies would get more financing guarantees from financial institutions, as the government promised to allocate unspecified extra funding from the central budget.


This file photo shows the launch of the Jan Van Cent, a 12,000-tonnage multi-purposed oceangoing freight ship for an export order to the Netherlands, is held at the Yichang Shipyard, in Yichang, central China's Hubei Province, May 9, 2009. (Xinhua Photo)

Shrinking external demand that lead to export declines would remain "the biggest difficulty" facing the economy, participants to the meeting agreed.

They also called for coordinated efforts in expanding domestic demand and stabilizing exports, so as to reduce the impact of global financial crisis on China's foreign trade to the minimum.

China raised export rebates on some products after exports shrank on weakening overseas demand since the second half of 2008. For example, the government raised the tax rebate rate for textiles five times since August, most recently last month when the rate went from 15 percent to 16 percent.

Source: Xinhua



  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Congress wins election in India
Controversy over China's first sex-theme park
China slams U.S. foreign affairs bill proposal, urges deletion
Official fined for underage sex

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6667084.pdf