China to take measures to increase exports

China to take measures to increase exports

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The government of China is expected to launch a package of measures to support the nation’s struggling exports by the mid of September, 2012. This is the first move since the global financial crisis.

The new measures will be covering a wide range of issues including tax rebates, credit, taxes, insurance, customs clearance and other tools to facilitate the foreign trade. The move will be taken looking at the slow-down of the exports from China. In the month of July the export growth had slumped to 1% which was the lowest since 2009. However, the experts and 0fficials are pessimistic about the outlook for the nation’s exports in the rest of the year.