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China’s refining capacity is expected to hit 937 million mt/year, or 18.81 million b/d, overtaking the US to become the world’s top refiner in 2022, the country’s oil giant CNPC’s Economics & Technology Research Institute said on April 12. At the same time, the refining sector is facing the headwind of high feedstock prices amid ...
China will offer more export tax rebates to ease the current financial pressure on export-oriented companies, and open green channels for the import of vital manufacturing parts to maintain the stability of the industrial chain.
The circular also noted that rebate policies for processing trade firms will be improved and the coverage of the departure tax refund policy will be expanded.Besides export tax rebates, joint efforts will be made to step up financial support for foreign trade enterprises to tide over difficulties, especially for smaller ones, he said.
While complex domestic and international economic situations weigh on them China's foreign trade ent
Economic Watch: Relief policies help foreign trade enterprises weather pandemic-