China to raise export rebate rate of aluminium strip from December

China¡¯s Ministry of Finance said on Monday that it would increase the commodities of export rebate rate. From December 1, rebate rate of processing materials of nonferrous metals such as chemical products, stone material and aluminium strips will be raised to 11%, 13% from 5% and 9% respectively.

Export rebate rate of metals extrusion mould and glassware will be raised to 11% from 5% from December 1, added the Ministry of Finance.

According to sources, China State Council declared earlier that started from December 1, it would further export rebate rate of some labor-intensive products, machinery and other related products. Some 3770 kind of products are mentioned this time, which accounts for 27.9% of the country¡¯s total export.

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