Good news for buyers of Chinese exports!
It looks like in the near future the Chinese government will increase the rebates to exporters. This will help to bring down the costs of goods from China in hopes if increasing exports in response to sagging demand from N. America and Europe.
At the time of writing it has not been made public which industries will receive the extra tax rebate. But it is very positive that the government is hinting the list will include labor-intensive products which make up the bulk of Chinese exports. As soon as the list is made public, I will post the information to my blog and suggest readers who are buying these products from China use this “inside information” to negotiate better pricing with their suppliers.
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