Chinese Ministry of Finance announced the cut part of the aluminum export duties since May. The aluminum tariff adjustments aimed at heading No. 7604XXXX series of aluminum, that is 04 grades of aluminum pole, rod-free export duties.
Analysts International Capital Corp.'s Ma said: "This policy can be understood as part of the recent policy to stimulate economic growth, because domestic consumption to remain weak this year."
China April manufacturing index fell to 12-month low, suggesting that government efforts to boost the economy did not make the manufacturing recovery. China in March industrial production growth of 5.6 percent year on year, the lowest level since November 2008, the slowest pace of economic expansion since 2009.
related product
