Title: Tax Rebate China

Essay Details

Subject: History
Author: Joan E
Date: October 2, 2012
Level: University
Grade: A
Length: 10 / 2781
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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