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Thread: China raises the tax rebates!
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[quote=FRANKENSTEIN,336714]Affected by the financial crisis, China's economy growth is slowing down. Many factories have closed. In order to stimulate its exports, China decides to raise the tax rebates on more than 3700 kinds of goods. This policy will take effect on December 1st. According to some economists, this policy can stimulate China's exports but it might also intensify the relationship between China and its foreign counterparts. Due to the financial crisis, the unemployment rates in EU and US are growing. If China raises the tax rebates, those enterprises and corps in foreign countries may suffer a lot. Do U think it is a wise decision?[/quote]
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