WASHINGTON — China has raised export tax rebates on hats, shoes and thousands of other items in a bid to help stabilize its ailing manufacturing sector, the Ministry of Finance said Monday.
The state-run news agency Xinhua reported that export rebates for shoes and hats were increased to 15 percent. This is the seventh time the central government has raised export tax rebates since August, Xinhua said. The most recent rebates apply to 2,600 items.
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