GUANGZHOU - Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers - giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels.
But that was not enough, so the company suspended a product line generating US$30,000 monthly revenue, she said. Some companies at the fair cheered Beijing's move to trim China's value-added tax to 13 per cent from 16 per cent at the start of April, and its pledge of tax rebates for exports. Mr Yu said he is also concerned about the trade war's potential effect on the yuan-dollar exchange rate.Electric bike makers have reacted nimbly to European anti-dumping duties of between 18.8 and 79.3 per cent imposed in January. Many have started assembling some bikes in Europe; Zhejiang Enze Vehicle Co does so in Poland and Finland.
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