After months of speculation about potential export tax rebate changes due to slowing exports, the State Administration of Taxation and Ministry of Finance on July 30 released a notice that adjusts China's export value-added tax (VAT) rebates.
China Market Intelligence
The US-China Business Council (USCBC) last week released the next in a series of reports intended to inform the debate about US trade with China--an update of congressional district exports to China.
The Ministry of Commerce (MOFCOM) released its 2008 Leading Opinion on Attracting Foreign Direct Investment (FDI) last month.
All US states have significantly increased their exports to China since 2000, but some--such as Michigan, Ohio, and Pennsylvania--have been more successful than others, according to a new US-China Business Council (USCBC) report. All three states exported more than $1 billion to China last year, and have had triple-digit growth in exports to China since 2000.
The US trade deficit with China in 2007 reached $256.3 billion, the highest deficit the United States has recorded with any single economy, according to newly released US government trade figures. At the same time, 2007 was a banner year for US exporters: China now ranks as the third-largest US export market, surpassing Japan.