Terms of its extensive whistling face of global financial tsunami, the Chinese government decided to swim out of prudent and flexible “freestyle.” To raise export tax rebate rate to stimulate exports, is the “mid-stream splashing into the water” and struggling to a plan.
The Ministry of Commerce and various trade associations and was informed that a category contains more than exports, and tax items of export tax rebate adjustment proposal, submitted by the Ministry of Commerce Ministry of Finance. But this message has not been Liangbu Wei’s positive response.
A reporter to disclose to the relevant officials, the program is to prepare and submit the time about two months ago. But the specific introduction of time remains to be seen. A foreign trade system, officials also confirmed to the newspaper, through the Ministry of Commerce has received the relevant departments for comments, reported in 2007 when the export tax rebate cut is “unreasonable reduction” products?? “Restore reasonable reduction” may be The guiding philosophy of the Ministry of Commerce program.
Up the program include textiles, clothing, some light industrial products and some mechanical and electrical products export tax rebates. Expected adjustment after completing, textile, garment export tax rebate rate will reach 15%, light industry products and electrical products export tax refund recovered to the level before the 2007 adjustment. The high energy consumption, high pollution and resource (hereinafter referred to as “two high and one Capital”) products and will not adjust the tax rate.
10 17, Chinese Premier Wen Jiabao chaired a State Council executive meeting that will introduce targeted foreign trade policy, to maintain stable export growth. Among them, increase the apparel, textile and other labor-intensive products and high value-added tax rebates for export of electromechanical products to support competitive enterprises and exports, increased imports of products of domestic needs, and promote basic balance in international payments. Judging from the statements, the Ministry of Commerce program has been adopted generally.
Held in the same period in the 104th China Import and Export Fair (Canton Fair) a show, Europe and the United States purchases decreased, the China Import and Export of the most effective benchmark has shown a dangerous signal. Which accounts for half of China’s exports of electromechanical products, which also reveals weakness, the Chinese executive vice president of CCCME Liu Mei?? In an interview that the situation in this Trade Fair and business transactions to reflect see, next year the situation is not optimistic. “This year, turnover from the previous year undoubtedly become a mechanical and electrical products increased by only 1.2%, is a rare slow growth over the years.”
However, the effect of export tax rebate rate increases, and scholars in the industry is still controversial. In fact, the years, including the Ministry of Commerce, Development and Reform Commission, including a number of departments have to the industry associations, chambers of commerce to seek policy recommendations. However, in most of the recommendations, the export tax rebate policy has not accounted for According to Key position, stable exchange rate, relaxation of exchange controls and other content more attention. The inclusion of a small part of the mechanical and electrical products
Mechanical and electrical products account for half of Chinese exports, it is particularly concerned about the outside world policies. However, the officials said the average export tax rebate rate of mechanical and electrical products higher, there is no significant upside and can not be transferred to general way, it was eventually included in the adjustment programs of only a small part of the product.
This part of the machinery and electronic products and information products to increase export tax rebates parts, is in the “recovery in 2007 to reduce unreasonable” product rebates carried out under the overall idea.
In consumer electronic products, since the major market concentration in Europe, the United States, Japan, in 2008 exports suffered the impact of particularly great. China Household Electrical Appliances Association, said the Deputy Secretary-General, Dong-Sheng Xu, according to customs statistics, the first three quarters of this year, home appliance exports grew 17.7%, down by 10.7 percentage points, of which only 2.4% growth the U.S. market. Electromechanical Import and Export Chamber of Commerce in China
had reported to the Ministry of Commerce in the proposal, highlighted the fans, because now other home appliances export tax rebate rate of 13% in only the fans in 2007 was reduced to 9% . XU Dong-sheng said the first three quarters of this year, exports fell by 20% fans, for the largest reduction in home appliances.
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