CHINA REMOVES VAT REBATE ON STEEL EXPORTS, CUTS TAX ON RAW MATERIAL IMPORTS TO ZERO

China has announced the removal of VAT rebates on exports of 146 steel products from May 1, a move the market had been widely anticipating since February.

PMI SHOWS GROWTH REMAINS ON RIGHT TRACK

China's manufacturing activities expanded at a slightly slower pace in April, as indicated by the purchasing managers' index falling to 51.1 last month from 51.9 in March, National Bureau of Statistics data showed on Friday.

STABILIZING COMMODITY PRICES STRESSED

China will work to ensure the supply of commodities and keep their prices stable, in order to maintain steady economic performance, the State Council's Executive Meeting chaired by Premier Li Keqiang decided on Wednesday.

MOC: CHINA HAS SOLID FOUNDATION FOR STABLE FOREIGN TRADE GROWTH

China's imports and exports are expected to see steady expansion and improved quality this year, with the support of a series of favorable conditions, a report by the Ministry of Commerce showed.

CHINA TO BOOST NEW FORMS, MODELS OF FOREIGN TRADE TO DEVELOP NEW COMPETITIVE EDGE

China will accelerate the development of new forms and models of foreign trade to push forward its upgrading and foster new competitive strengths, the State Council's executive meeting chaired by Premier Li Keqiang decided on Tuesday.

INDIA EXPANDS TAX REBATE SCHEME TO BOOST STEEL EXPORTS

India will include steel exports in its RoDTEP (Tariff and tax Relief on Export Products) scheme from December 15 to stimulate exports, the Ministry of Commerce and Industry said.