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China to offer tax breaks to solar power manufacturers

2013-09-30 12:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China's Ministry of Finance announced it will offer tax breaks to manufacturers of solar power products on Sunday, as China moves to support an industry still struggling to deal with massive overcapacity and weak demand. The ministry said in a short statement on its website that producers of solar power products will receive immediate refunds of 50 percent of value-added taxes. The National Development and Reform Commission provided subsidies for solar power stations in late August. "China's bloated...

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