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Archive for 'Far East'
Incentive for Chinese Exports
The Commerce Ministry of China has said that tax rebates for exports are likely to be increased this year. Exports have declined sharply due to the European debt crisis, and the government wishes to stabilise export growth. The announcement was ...Read More
Container shipping rates tumble
Having announced last week that they would impose a freight increase on the Asia Europe route in August, shipping lines have revealed that spot rates have fallen on average. The Shanghai Containerised Freight Index showed that rates declined from 809 ...Read More
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