Labor-intensive Products' Exports Drop
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China's exports in labor-intensive products dropped less than the overall exports in the first two months of this year, according to the General Administration of Customs.
Apparel exports reached US$14.62 billion in January and February, down 11 percent year-on-year. Exports of footwear products hit US$4.3 billion, down 2.3 percent. Overall exports dropped 21.1 percent over the same period.
Customs contributed this to the government's increases of tax rebates on labor-intensive products.
(chinadaily.com.cn March 11, 2009)