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Navigating China’s Latest Export Tax Rebate Adjustments: What Are the Implications?

2024-12-04
Starting December 1, 2024, China implemented significant changes to its export tax rebate system. The rebate rate for products such as refined oil, photovoltaic products, and batteries was reduced from 13 percent to 9 percent, while rebates for aluminum, copper, and certain oils and fats were eliminated. This policy shift aims to encourage domestic consumption and reduce export dependency, aligning with China’s broader economic goals. Businesses, particularly those in the metals and biofuels sectors, will face higher export costs, potentially reducing competitiveness and impacting global supply chains.

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Middle East Briefing

Business Opportunities Under UAE-Vietnam CEPA Deal

12/03/2024

The signing of the Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates (UAE) and Vietnam marks a transformative milestone in the economic relations between the two nations.

Vietnam Briefing

Investing in Vietnam’s Modernizing Logistics Sector – New Publication Out

12/03/2024

Welcome to this edition of Vietnam Briefing magazine, focused on “Investing in Vietnam’s Modernizing Logistics Sector.” As the world becomes increasingly interconnected and leading markets aim to diversify their supply chains, Vietnam has emerged as a key player in the global logistics landscape.

India Briefing

How the PM Gati Shakti National Master Plan is Advancing India’s Infrastructure Sector

12/04/2024

The PM Gati Shakti National Master Plan (Gati Shakti NMP) has transformed India’s infrastructure landscape with a coordinated, efficient, and integrated approach. Announced by PM Narendra Modi on October 13, 2021, Mission Gati Shakti is a transformative infrastructure initiative with a proposed investment of INR 100 trillion.

ASEAN Briefing

Auditing and Compliance in Indonesia: What’s New for 2025

12/03/2024

There is currently no single unifying regulation on auditing and compliance in Indonesia. Foreign investors will need to be aware that regulations regarding auditing, accounting, and financial reporting are stipulated over several laws and bylaws, and that a good understanding of these can ensure their business stays compliant.

China Briefing

US-China Relations in the Biden Era: A Timeline

12/04/2024

On December 2, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced a package of rules designed to further impair China’s capability to produce advanced-node semiconductors.

Middle East Briefing

Egypt’s Push for Industrial Growth: Central Bank and Government Support for Producers

12/03/2024

In a pivotal move to strengthen Egypt’s industrial landscape, the Central Bank of Egypt (CBE) has announced plans to establish a fund dedicated to supporting producers across various sectors.

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Middle East

Middle East Briefing

Türkiye Transport and Logistics Sector: Market Outlook & Opportunities

12/04/2024

Türkiye’s transport and logistics sector is poised for sustained growth, driven by strategic investments in infrastructure, technological advancements, and its pivotal role in global trade.

 

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Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.

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