3,770 products are now getting a new helping hand from the government. The Ministry of Finance has announced a new collection of items are going to get an export tax rebate increase. The move is designed to help shore up the Chinese export market, which has been slowing recently due to the global financial crisis. The companies that are likely to benefit the most from this latest move include those who deal with labor-intensive products, as well as mechanical and electrical products and high-tech as well. So what will the overall effect be on the Chinese export sector, both financially and as far as confidence is concerned? And how much further can the government go in stimulating the export sector?
Ni hao, you're listening to People In the Know, your window into the world around you, online at crienglish.com here on China Radio International. In this edition of the program we'll be talking about the third export tax rebate increase of the year here in China. So let's get started.
First, we'll hear from an expert in international trade. Professor Kong Shuhong is with the Department of International Economic Cooperation at the University of International Business and Economics here in Beijing.
(Dialogue with Kong)
And after a short break, we'll hear from one of China's leading economists.
Ni hao, you're listening to People In the Know, your window into the world around you, online at crienglish.com here on China Radio International. I'm Paul James in Beijing. In this edition of the program we're talking about the government's latest move here to stimulate the export sector by providing an export tax rebate increase to over 3,700 items. For more on this we're joined on the line now by Zhuang Jian, Senior Economist with the Asian Development Bank's Resident Mission here in China.
(Dialogue with Zhuang)
And with that we close out this edition of People In the Know, online at crienglish.com here on China Radio International. A lot of the government's recent moves have been to stimulate domestic consumption. However, this latest move shows that the policy makers here still realize that exports are also important for China's economic strength. Questions or comments for us can be sent to email@example.com. For Executive Director Zhao Yang and Producers Chen Mo and Xu Yang, I'm Paul James in Beijing. We'll talk to you tomorrow.