September 7, 2018 / 9:13 AM / 13 days ago

China to raise export tax rebates for machinery, electronic products

BEIJING, Sept 7 (Reuters) - China’s finance ministry said on Friday that it will raise export tax rebates for machinery and electronic and cultural products.

Tax rebate rates for multi-component semiconductors, non electromagnetic interference filters, books and newspapers will be increased to 16 percent, the finance ministry said in a statement on its website.

Changes to tax rebate rates will take effect on Sept. 15.

Reporting by Beijing Monitoring Desk; Editing by Nick Macfie

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