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China to cut value-added tax for manufacturing sectors- The 19th China(Guangzhou)Int’l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
4/4/2018  钣金展-Sheetmetal machinery, Forging, Stamping expo
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    China’s State Council has announced to drop the value-added tax rate on the manufacturing sectors from May 1st, according to a cabinet meeting. 

The tax rate for the manufacturing sector will be reduced from 17% to 16%, and that for transportation, construction, telecommunication and agricultural sectors will be cut from 11% 10%.

China said that the move is aiming to stimulate and increase domestic consumption as it will help reduce the tax burden on manufacturing firms, making it possible for firms to sell products at lower prices. 中国最大钣金展-锻压展-2018第十九届广州国际钣金、锻压工业展览会-巨浪展览- The 19th ChinaGuangzhouInt’l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition -Sheet metal exhibition, Sheet metal expo, 2018 Sheet metal exhibition, 2018 Sheet metal expo, China Sheet metal exhibition, China Sheet metal expo, Forging exhibition, Forging expo, 2018 Forging exhibition, 2018 Forging expo, Stamping exhibition, Stamping expo 
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