Chinese export rebate rates for 1,464 types of products have already been raised since 20 March, which was announced by State Taxation Administration on this Tuesday.

According to that announcement, the rebate rates for 1,084 types of products such as ceramic sanitary ware will be increased to 13 percent, and that for 380 types such as plant growth regulators will be increased to 9 percent. Among them, there are 777 items for chemical products, occupied 53% around.

The increase of export rebate rates is undoubtedly a strong injection for chemical industry by the state to encourage the export of domestic chemical products and alleviate the crisis of domestic oversupply.

Edited by Relybo