China Likely To Raise Export Rebates Further - Report

SHANGHAI --China will likely raise the export tax rebate rate for labor-intensive goods by another one percentage point, the state-run China Securities Journal reported Thursday, citing a senior official at the Ministry of Industry and Information Technology.

Last week, China raised export tax rebates to between 5% and 17% on goods that cover about a quarter of the country's taxable customs goods.

Wang Liming, director of the small and medium-sized enterprises department at the ministry, didn't elaborate on the labor-intensive items that would qualify for the rebates, according to the paper.

The paper cited Wang as saying the Chinese government will step up efforts to arrange loans for small and medium-sized companies struggling to survive the economic slowdown.

   Newspaper Web site: http://www.cs.com.cn 

   -By China Bureau, Dow Jones Newswires; 8621 6120-1200; djnews.shanghai@dowjones.com