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Interesting engineering news and general interest to get you through the week.

China Agrees to Remove Certain Export Subsidies

Clipped to the Drawing Board by Sean

Bowing to American pressure on the eve of high-level talks to reduce economic tensions, China agreed Thursday to terminate a dozen different subsidies and tax rebates that promote its own exports and discourage imports of steel, wood products, information technology and other goods.

The action mostly affects exports by Chinese companies that have foreign investors or are joint ventures with foreign companies. Nearly 60 percent of Chinese exports are produced by these businesses. Also affected were tax breaks that China gives its own companies if they do not import goods themselves.
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Saturday 1 December, 2007 04:02 PM

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