PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Tax Reduction to Further Boost the Steel Industry in China - As the Government of China announced reduction in tax incentives for many exporters, steel business is set to boom in China.
Tax Reduction to Further Boost the Steel Industry in China

 

NewswireToday - /newswire/ - Delhi, New Delhi, India, 2006/10/25 - As the Government of China announced reduction in tax incentives for many exporters, steel business is set to boom in China..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

On September 15 2006, China declared a reduction in tax incentives for several exporters. This announcement came from China shortly after the release of data that showed a record $18.8 Billion trade surplus in the month of August (2006).

This announcement also came, as finance ministers from Canada, Britain, France, Italy, Japan, U.S and Germany were to meet in Singapore prior the gatherings of World Bank and International Monetary Fund. These seven countries, which are the finance leaders in world, will probably renew calls on China to slacken its currency in order to help ease economic imbalances in the world.

After the tax rebates, Chinese products will become more competitive on the world market since the buyers won’t need to pay heavy custom duties on them. After the financial crisis in Asia in late 1990s, China increased its average export rebate from 6 percent to 15 percent. Consequently, there was a sudden jump in the export rate, which doubled to make China the 3rd largest commodity trader globally.

RNCOS has recently published a report “China Steel Industry Analysis (2006)”. As per this report, “Tax incentives comprise various income tax exemptions like loss compensation schemes, regional tax incentive, and cuts for the foreign investors, firms in special economic areas (i.e. SEZ), and firms that produce for export”.

“This tax rebate for exports, actually a government subsidy to the Chinese steel industry, was lowered from 11 percent to 8 percent for steel products”, as per an analyst at RNCOS.

This report helps clients analyze:

- China Steel Export/Import
- China Steel Impact in Global Context
- Opportunities for players in this sector
- Challenges before Chinese Steel Industry
- Key competitors in Chinese steel industry

About the report

This report provides extensive research and objective analysis on the China Steel Industry. It helps clients to analyze the opportunities critical to the success of the steel industry in China. Detailed data and analysis helps potential investors navigate the evolving steel market in China.

About RNCOS

RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Tax Reduction to Further Boost the Steel Industry in China

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From RNCOS E-Services (P) Ltd / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Saltigo At CPhI 2017 as A Flexible Service-provider and One-stop Supplier for the Life Science Industries
abas ERP to Demo New Software Features at the ERP Vendor Congress
DSM Introduces Newest High-temperature PPA, ForTii® Ace, to the Outdoor Power Equipment Market
Safran Signs First Global Framework Agreement on Corporate Social Responsibility with IndustriALL Global Union
LANXESS Introduces New Halogen-free, Flame-retardant Polyesters and Polyamides
LANXESS Adds New Closed Circuit Reverse Osmosis (CCRO) Module to its Innovative LewaPlus Design Software
Infineon Partners with Smart Wires to Shape Up Existing Grids for Renewables
SCHOTT Launches New High-powered Laser Glass with Improved Thermomechanical Strength and Optical Performance
ITT Veam to Showcase Innovative Rail Interconnect Solutions at APTA EXPO 2017
BASF Receives EPA Approval for Fourth Application of Lexicon Intrinsic Brand Fungicide
Atlas Copco Completes Divestment of Road Construction Equipment Business
Rockwell Automation Takes Manufacturing Decision-Making from Hours to Milliseconds with Industrial IoT Technologies
Tripp Lite 3-Phase Rack ATS PDUs Receive Gold Innovation Award from Cabling Industry Group
ITT Enidine to Display Vibration Isolation and Energy Absorption Solutions At Helitech 2017
Rockwell Automation to Showcase Smart Automation Technology at WEFTEC 2017

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)