China has made several adjustments to its export tax rebate policy announced Sept. 14, in order to fix some errors in the original list, according to the Ministry of Finance.

In a statement on October 06, the ministry said exports of stainless and alloy steel ingots will not receive any tax rebate, as they do not now, while a rebate rate of 5% will be applied to exports of tin and tin products, the ministry said.

In the original list, steel products such as stainless and alloy steel ingots, and tin and tin products including alloy bar, rod, wire, foil, sheet and strip, were awarded an 8% export tax rebate.

Nickel and nickel alloy powder and foil will be removed from the list of products whose export rebate rates have been cut, the ministry added, without mentioning the tax rebate rates for them.

The original tax rebate rate for nickel and nickel alloy powder and foil is 13%.

Exports of coated and galvanized iron and steel cords will receive a tax rebate rate of 8%, according to the ministry. On original the list, no rebate rate was specified.

The ministry said it made the corrections in response to problems local government departments encountered in implementing the new tax rebate policy, without elaborating.

China's trade surplus hit a record $18.8 billion in August as exports rose 32.8% that month from a year earlier to $90.77 billion. The country cut tax rebates for exports of some products as part of efforts to balance its two-way trade, according to analysts.