China cuts VAT rebate - composite prices to increase

From CompositesWorld, July 2, 2007:

Quote:

The Chinese government has issued Circular No. 90/2007, which on July 1 cut or eliminated value-added tax (VAT) rebates on more than 2,800 products manufactured for export, including resin, glass and other materials used by composites fabricators.

http://www.compositesworld.com/news/cwweekly/2007/July/cw111689

-Samiam