China hikes export tax rebates

China on Friday unveiled a slew of tax and foreign exchange policy changes to boost its exports, which saw its worst monthly decline in more than a decade in February.

The government will raise export rebates for textiles, steel, petrochemicals and electronics starting April 1, the Ministry of Finance said in a notice posted on its website on Friday.

Rebates will also be increased for non-ferrous metals, light industrial products and information-technology products, the notice said.