What evidence is available on contemporary export promotion measures?
Throughout the recent global economic crisis China’s record on export management is hard to top. On eight occasions China has varied the rebates for domestically-charged value added tax (VAT) for its exporters1; six of those changes saw the rebates expanded, lowering Chinese exporters’ costs, and the prices that Chinese firms can charge abroad. Taken together, these measures have applied almost across the board, affecting the incentives of many Chinese manufacturers.2 In fact, in the GTA’s sixth report, Evenett and Fritz (2010) calculated the range of products affected by just one of these rebate-increasing Chinese measures. Exporters of goods from more than one in five product categories benefited from these Chinese rebates. Exports of those products totalled US$412 billion in 2008, equivalent to just under 30% of the total value of Chinese exports in that year. These products were exported to 155 countries, including 17 G20 members. Producers and exporters in those trading partners w
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