China to lower VAT export rebate on new energy vehicles

​China ‌will lower ​the value-added tax ‌export rebate for new energy vehicles ‌to 9% from 13% ‌from April 1, 2027, the ⁠finance ​ministry ⁠said on Monday.

Separately, ⁠the VAT tax ​rebate on e-cigarette ⁠devices and related products ⁠would ​be removed from the ⁠same date, according to ⁠the ⁠ministry.