China is to cancel VAT export rebates for solar panel products from 1st April 2025; battery export rebate cut to 6% (prev. 9%) until the end of 2026, but will be fully removed from 1st January 2027
Newsquawk Staff ·
China is to cancel VAT export rebates for solar panel products from 1st April 2025; battery export rebate cut to 6% (prev. 9%) until the end of 2026, but will be fully removed from 1st January 2027.
What it means
This move by China to cut VAT rebates for solar panels and batteries signals a tightening of export incentives, likely aimed at controlling costs and shifting domestic production priorities. The phased approach, with a complete removal by early 2027, could impact global supply chains and pricing dynamics in the green energy sector, with potential repercussions for global clean energy initiatives and trade relationships, particularly in the EU.
- China's Auto Industry Body CPCA says Tesla (TSLA) sold 67,829 China-made vehicles in Oct (prev. 95,366 M/M)
- PBoC pledges to enhance stock market support measures by expanding participation in its swap facility for securities firms, funds and insurers, moderately lowering swap fees and conducting operations when appropriate
- China proposes easing FX rules for current account transactions
- Japan's Chief Cabinet Secretary Kihara says JPY 1.1tln of reserve funds is to support fuel price measures
- Japanese PM Takaichi says they will be commencing electricity and gas support measures from December, until February
Related headlines
- Philippines President Marcos says our policy is to continue to defend the Philippine Peso as hard as we possibly can, adds we have all the means to defend the currencyOct 28
- Japanese government expert panel discussed revision to three security-related documents, Kyodo reports citing sources; adding, "tax increases should not be ruled out as an option if necessary"Oct 27
- Japan GPIF official says investing outside the TOPIX is importantOct 27
- South Korea is reportedly considering an education tax on crypto exchangesOct 26
- Japan's Top Automobile Industry Union Group Chief says "we look beyond inflation-linked pay hikes for 2027 labour talks"Oct 26
- China's fifth plenum gets underway, as scheduled, which is a closed-door convention involving officials from the Communist Party's Central Committee, while President Xi delivers the Work Report at the plenum, according to CCTVOct 26
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to NikkeiOct 23
- China is to accelerate the development of new roles within the AI space, Xinhua reportsOct 23
- Japanese Prime Minister Takaichi told reporters that she would instruct the Minister of Economy, Trade and Industry to consider subsidies for gasoline and other fuel, JiJi reportsOct 23
- China's Politburo held a meeting today and says it is to maintain high-pressure posture against corruption and will continue to deepen reform efforts and conscientiously implement reform tasks, according to XinhuaOct 23
- Japan's Finance Minister Katayama says believe Japanese financial institutions handled PHP issue relatively smoothly and expect them to continue to take necessary actionOct 22
- China's National People Congress to meet on November 2-6th in BeijingOct 22
- Japan is reportedly considering a broad definition of security spending to inflate defense outlays, according to reportsOct 22
- Japan's Rengo union reportedly seeks 6% wage increase for 2027; maintains a minimum wage hike benchmark of 5% or more in 2027 policyOct 22
- Japanese Finance Minister Katayama says they are to accelerate virtuous cycle of investment, wage gain.Oct 21