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<title>ET2C Current News</title>
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<item id="1">
<title><![CDATA[ June 1st Tax Rebate Update  ]]></title>
<link>http://www.et2cint.com/resources_cn_june.html</link>
<description><![CDATA[For the seventh time since last August, China has once again raised its tax rebates in an effort to help exporters reduce costs and shore up exports. The new tax rebates pertain to more than 2,600 items, including processed farm products, machines,
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<pubDate>June 1, 2009</pubDate>
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<item id="2">
<title><![CDATA[ CLSA PMI Above 50 Again in May  ]]></title>
<link>http://www.et2cint.com/resources_cn_june1.html</link>
<description><![CDATA[Brokerage CLSA said its China Purchasing Managers' Index (PMI) rose in May to a 10-month high of 51.2 from 50.1 in April, which offered fresh evidence of recovery in the world's third-largest economy. This was the second
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<pubDate>June 1, 2009</pubDate>
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<item id="3">
<title><![CDATA[Increased Export Rebates Estimated to Reach RMB 31.2 Billion in One Year  ]]></title>
<link>http://www.et2cint.com/resources_cn_may15.html</link>
<description><![CDATA[The Export Rebate Rate increase for Textile and Electronic Products (released on Mar 27th) is estimated to result in a rebate amount of 31.2 billion RMB for the year. Export rebates for textile and garments, in particular, is estimated to reach RMB 9.8 billion.
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<pubDate>May 15, 2009</pubDate>
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<item id="4">
<title><![CDATA[CLSA PMI Rose Above 50 in April  ]]></title>
<link>http://www.et2cint.com/resources_cn_may5.html</link>
<description><![CDATA[The CLSA China Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 50.1 in April from 44.8 in March, CLSA Asia-Pacific Markets said Monday.
It was the first time the CLSA PMI rose above 50.0 since dropping to 49.2 in August last year. A PMI reading above 50.0 indicates the manufacturing economy is generally expanding,  ]]>......</description>
<pubDate>May 5, 2009</pubDate>
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<item id="5">
<title><![CDATA[1st Quarter China GDP growth 6.1% (compared with 10.6% 1st quarter 2008) ]]></title>
<link>http://www.et2cint.com/resources_cn_apr16.html</link>
<description><![CDATA[The latter still indicates a decrease in output, which is clearly impacted by the drop off in global demand and correction of global inventories. Business conditions continue to be particularly tough for manufacturers and ET2C recommends that it is still therefore necessary to manage the risk of buying from China by appropriate levels of due diligence. ]]>......</description>
<pubDate>April 16, 2009</pubDate>
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<item id="6">
<title><![CDATA[Textile/Garment Export Tax Rebate Increase from 1st April 2009]]></title>
<link>http://www.et2cint.com/resources_cn_mar26.html</link>
<description><![CDATA[hina raised the tax rebate for some textile and garment by 1 percent to 16 percent from April 1 in order to provide further support to the depressed export sector. 
China has raised the export tax rebate rate for textiles four times since August 2008. The previous increase in February took the rate from 14 percent to 15 percent. ... ]]>......</description>
<pubDate>April 1, 2009</pubDate>
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<item id="7">
<title><![CDATA[Tax Debate Increase Expected Starting 1st April 2009]]></title>
<link>http://www.et2cint.com/test/resources_cn_mar261.html</link>
<description><![CDATA[The executive meeting of the State Council made a decision that China will raise the tax rebate rate on some textile, iron and steel, nonferrous metal, petrochemical, electronic information and light industrial exports starting 1st April 2009. Although exact details are yet to be released, this is in line with the recent stimulus package and support for ten core ...]]>......</description>
<pubDate>March 26, 2009</pubDate>
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