China Fasteners Exports Rebate Rate Appealed Back to 13%

2012-12-12

It is heard from China Machinery Industry Federation that they have applied the proposal to China Ministry of Industry and Information Technology about adjusting fasters exports rebate rate back to previous 13% from current 5%, as domestic fasterners industrial development is stuck into a slipping trend.Especially in this year, China fasteners’ exports have been reduced both in volume and price, eroding producers profit further.