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China To Bring Down Export Rebates On Aluminum Products
- China Aluminium Network
- Post Time: 2008/4/7
- Click Amount: 543
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China is considering to bring down the value-added tax rebate on exports for aluminum products such as aluminum tube, sheet and strip to 5% from 11-13% since June this year, released from a industry player.
Experts said related exports will decline in the latter half and primary aluminum consumption will also decrease if Chinese government reduces the rate on half-finished aluminum products.
Chinese government is trying to cool investments in resource-intensive aluminum industry by calling off export preference, but currently it doesn’t take effect.
There is also saying that Chinese government aims at largely reducing exports of low value-added products and primary metals products, reining the trade surplus from the easily achievable way of reducing exporting aluminum products.
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‘Aluminum products exporting will fall 20-30% if the government reduce the rebate.’ Said a manager from a Guangdong aluminum facility, added most half-finished aluminum products’ export rebates might be cancelled in December. Source:
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