China to cut taxes to zero and boost weak exports

China to cut taxes to zero and boost weak exports

 

By Jamil Anderlini in Beijing           Source: Financial Times

 

Published: March 10 2009 02:00 | Last updated: March 10 2009 02:00

 

China will reduce export taxes to zero and give more financial support to exporters as it tries to increase its share of global trade in the current crisis, the country’s commerce minister announced on Monday.

 

China would “use all possible measures to ensure the stable growth of our exports and prevent a large drop in external demand”, Chen Deming said in an interview published by a Communist party newspaper.

 

“We should increase our share of the global market . . . We must transform ourselves from a big export nation to a strong export nation,” he continued… ( the rest of article at FT)

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