Ｒａｉｓｉｎｇ　Ｅｘｐｏｒｔ　Ｔａｘ　Ｒｅｂａｔｅ　Ｒａｔｅｓ：Ｃａｎ　Ｉｔ　Ｓｏｌｖｅ　ｔｈｅ　Ｔ.docVIP

Ｒａｉｓｉｎｇ　Ｅｘｐｏｒｔ　Ｔａｘ　Ｒｅｂａｔｅ　Ｒａｔｅｓ：Ｃａｎ　Ｉｔ　Ｓｏｌｖｅ　ｔｈｅ　Ｔ 　　 　　 On January 1, 2009, China again increased its export tax rebate rates for 553 types of mechanical and electrical products with high technical content and added value. According to the relevant department in the Ministry of Finance, this adjustment is another component in China’s proactive policy response to the current volatile economic environment both at home and abroad, designed to ease the difficulties being experienced by private enterprises and enhance the confidence that the financial crisis can be overcome. “To maintain stable export growth is one of the central tasks of China’s foreign trade in 2009,” said Minister of Commerce Chen Deming. 　　 　　GUO Qiang, general manager of Shanghai Zhongcheng Digital Technology Co., Ltd., has been on edge due to declining orders, but is breathing a little easier following news that the tax rebate rate for exports of mechanical and electrical products is being raised. “The rise in tax rebate rates is definitely a good thing for us, as it will improve profits on exported goods,” said Guo. His company mainly exports audio and video products. “Hopefully we can pull through until the international market takes a favorable turn next year.” 　　He still remembers receiving business from various countries during CeBIT 2007 in Hanover, Germany. Although his factory is still working at full capacity, new orders have decreased sharply under the influence of the financial crisis. The five-year-old company anticipates “tough circumstance this year.” 　　The latest statistics from the General Administration of Customs show that China’s export volume for mechanical and electrical products was US $822.93 billion in 2008, or 57.6 percent of the country’s total export volume of $1428.55 billion. “The rise in export tax rebates for electromechanical products demonstrates China’s resolution to maintain stable export growth,” said macro-economic analyst Chen Menggen from Hong Yuan Secu