Thursday, March 5, 2009

China - Zero Taxation on Exports?

Friend and colleague Mr. Tony Tsai, currently Chief Executive Officer - BHG Retail Innovation Institute and Executive VP Operations - The BJ Hualian Hypermarket Co. forwards impactful business news from China:

"Liao Xiangqi and Zhang Zhigang, former vice directors of the Ministry of Commerce, and Zhang Xiaoji, director general of the Foreign Economic Relations Department of Development and Research Center under the State Council, put forward a joint proposal about further expanding the product range covered by the export tax rebate and making zero export duties a reality. Chinese export-oriented companies account for 40% of total employment. If 10% of them close, approximately 10m people would lose their jobs. If the government hopes to increase employment, it should ensure the growth of the export market."

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