Tax rebate on textiles rises to 13%

China will raise the tax rebate on a range of textiles and garments to 13 percent from 11 percent, a shot in the arm for exporters that are struggling with a stronger yuan, weakening demand and rising costs.

The move will take effect from today, the Ministry of Finance said on its website yesterday.

The government also decided to scrap the tax rebate on a slew of energy-intensive, highly polluting products or resource products such as pesticides, zinc and silver.