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Thread: China raises the tax rebates!

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[quote=AL32,336759]Hi,
I'm no big financial expert, but I believe that this policy is mainly to stimulate domestic economy and at the same time, try to save jobs in China.
The point is that the financial crysis will not last forever and for the mean time, foreign countries will reduce their importations no matter what.
So this could help China's economy to stay strong until foreign countries are ready to buy from China again. That will benifit everyone then..

Until then, the foreign countries have much bigger problems to tackle then higher prices Chinese goods because like China, their emphasis will go on saving their own jobs and markets.

So all this makes for a short of 'each for yourself' kind of situation and it's hard to say who will suffer the most from it. It's also kind of the easiest solution to take because there would never be a correct or fair regulation agreement between countries...just think how the NAFTA between USA and Canada is always subject to 'exceptions' and how the USA try to re-write it to their advantage.

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