Foreign media report China has reduced subsidies for new energy industries, raising questions about whether the country is now effectively charging interest on green investments.

Foreign media: China has announced adjustments to export tax rebate policies for certain products. Starting April 1, 2027, the value-added tax (VAT) refund rate for exports of new energy vehicles will be reduced from the current 13% to 9%.

At the same time, VAT export rebates for electronic nicotine delivery systems and related products will be eliminated. This adjustment implies a reduction in tax incentives for exports of new energy vehicles, potentially leading to changes in export costs for enterprises.

Original source: toutiao.com/article/1878847980916747/

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