China goverment raise tax rebates 4% to gondola shelving

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[2009-03-27] China raised the tax rebate rate on some textile, iron and steel, nonferrous metal, petrochemical,electronic product and light industrial exports starting from 1st April 2009. The decisions was made at an executive meeting of the State Council, the country's Cabinet, Wednesday.

The actual fact is China's exports plummeted 25.7 percent year-on-year in February, the worst decline in more than a decade, as the global demand deteriorated to the deepening recession in 2009. Participants to the meeting agreed that it was necessary to raise tax rebates on some export products, so as to fully implement the country's economic stimulus package and the support plans for ten industries (details of which were released in the past two months). Exact amounts of the rebate had not yet been revealed by the State Council.

What's the benefit for shopfitting industry? Such as gondola shelvings, checkout counter etc export rebate rate raised around 4% from 1st April. and shopping trolley also have a increased rate, It means sumetall shelving and shopping trolley price will have a down around 4% from 1st April. for the updated prices please contact us to get the price list and more information.

"Though the global demand deteriorated, we think it's a great shock for industrial market demand mainly. but relatively less infection on consumable products like our shopfitting and store fixture products. At least till now, sumetall's productivity are fully occupied. and the turnover increased by 32% monthly. Now the good news on Tax-Rebates issued further, we have confidence in 2009's business ". Said Andy Guo sumetall sales manager.

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