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News from Ministries and CommissionsMinistry of FinanceReforming the mechanism of export tax refunds.The StateCouncil recently issued the decision on reforming the mecha-nism of export tax refunds,so as to carry out the reform of thecurrent mechanism of export tax refunds.The spccific contentsinclude appropriately Iowering the export tax refunds rate,giv-ing more support from the central financial authorities to theexport tax refunds and setting up the new mechanism of jointlyshouldering the burden of export tax refunds by the central andlocal authorities,etc.Treasury bonds issued.The ninth batch book-entry treasurybonds of 2003 were issued from October 24th to October 30th.They were fifteen-year coupon bonds with fixed interest rate.
News from Ministries and CommissionsMistry of FinanceReforming the mechanism of export tax refunds. The StateCouncil recently issued the decision on reforming the mecha-nism of export tax refunds, so as to carry out the reform of the current mechanism of export tax refunds. The spccific contentsinc Iowering the export tax refunds rate, giv-ing more support from the central financial authorities to theexport tax refunds and setting up the new mechanism of jointlyshouldering the burden of export tax refunds by the central andlocal authorities, etc.Treasury bonds issued.The ninth batch book-entry treasurybonds of 2003 were issued from October 24th to October 30th. They were fifteen-year coupon bonds with fixed interest rate.