China VAT Export Rebate Cuts: Impact on Sourcing&Trade Imbalances

Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.

3 minute readJuly 02, 2007 at 12:58 AM

clpstaff

& clp articles

By Qingsong (Kevin) Wang and Peter Connors of Orrick, Herrington & Sutcliffe

The objectives of these changes include suppressing overheated export growth, thereby easing friction between China and its trade

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