China's State Administration of Taxation (SAT) will offer tax rebates to importers of parts for machinery and equipment production in more than a dozen industries to increase innovation and domestic competitiveness, the South China Morning Post reported. Equipment makers can use the rebate for equity for future product innovation and development. Manufacturers that use materials not produced domestically can also qualify for refunds of import tariffs or value-added tax. SAT, the National Development and Reform Commission, the Ministry of Commerce and China Customs are currently drawing up specific rebate policies for each industry.