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Essay

Tax Rebate China

Essay specific features

 

Issue:

History

 

Written by:

Mary C

 

Date added:

November 24, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

10 / 2781

 

Was viewed:

3713 times

 

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Essay content:

Rebates will be pared for 2,268 other exports while 10 products will be made tax-free. The world's fourth-largest economy may export more than any other nation next year, boosting its 2008 trade surplus by 45 percent to a record $257 billion, according to an April estimate by the Asian Development Bank...
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The U.S. Congress, labor unions and some manufacturers have accused China of spurring exports by keeping its currency weak against the dollar and giving rebates. ``The trade surplus is not merely an economic issue, it's also a political problem,'' said Wang Yuanhong, an economist at the State Information Center in Beijing, a unit of the government's top planning agency...
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