China's third increase in export rebate rate this year

Expected to increase the tax rebate funds 25.2 billion yuan experts said foreign trade "engine" role has not changed Reporter: Hu Feihong Peng Zhang Yan approved by the State Council, the Ministry of Finance and the State administration of Taxation yesterday issued a joint notice, announced from June 1 onwards again to improve the export rebate of some goods, the adjustment involves deep processing, electrical and　　Glass products, steel products and other manufacturing areas of more than 2,600 tax purposes of goods.　　This is our country since last August, the 7th consecutive increase in export tax rebate rate, but also the State Council before the deployment of further stability policy measures after the introduction of another support export initiative. The authority publishes the export drawback rate to raise again the report (reporter Hu Feihong Peng) The Ministry of Finance and the State administration of taxation issued a notice yesterday, starting from June 1, the country again raise some products export drawback rate, involving China's superior products, labor-intensive products, High-tech products and deep-processing products amounted to more than 2,600 10-bit tax number merchandise.　　This is the 3rd time this year, China's export tax rebate rate, but also since August last year, the 7th increase, is expected to increase the export tax rebate rate will be increased tax rebate funds about 25.2 billion yuan. The specific contents of the policy include: to improve the export tax rebate rate of some deep-processing products such as agricultural products, pharmaceuticals and steels, and increase the processing products of canned goods and fruit juices from 13% to 15%, and increase the corn starch and alcohol from 0 to 5%, and increase the alloy steel profile and cold-rolled stainless steel to 5%　　The 0 tax rate is now in addition to individual products, in principle not to make adjustments), the luggage, shoes, hats, toys, furniture, etc. from 13% to 15%, will be part of the plastic, ceramics, glass products from 11% to 13%, will be scissors and other small hardware products from 5%, 11% to 9%, 13% respectively.　　Compared with the first 6 times, the 7th Export Tax rebate involves a broader and more forceful, and its core principle is to ensure that the share of export products in the international market remains unchanged. >> links since last August to this April, China's 6 times in 9 months to increase the export tax rebate rate of some exports, in order to cope with the international financial crisis caused by the sharp decline in foreign trade situation. The 6th time to raise the export drawback rate of 3,802 tax number related products, clear provisions from April 1 this year to improve textiles, clothing, light industry, electronic information, steel, non-ferrous metals, petrochemical and other commodities export tax rebate rate. Among them, CRT color TV, part of TV parts, optical cable, uninterruptible power supply (UPS), lined copper printed circuit CCL, such as the export tax rebate rate increased to 17%, has completed a full refund.　　The export drawback rate of textile and apparel exports increased to 16%, with a full refund of 1%.　　Influence >> Textile and garment industry export complete drawback short term difficult to achieve before, the industry has always been looking forward to the country can soon achieve full refund of textile clothing, but the reporter noted that the textile clothing did not make adjustments. Ma Xinzheng, deputy editor-in-chief of China's first textile network, said the current export tax rebate rate of textile enterprises is onlyThe remaining point of the increase in space, almost in the end, enterprises should not be sent to the hope that the real difficulties of textile enterprises now facing the problem is the decline in external demand, even if the tax rebate rate to raise a point, the expected effect will not be too big. Ma Xinzheng said that since 2008, after a successive increase in the rate of export rebate, a large number of textile and apparel enterprises, the average profit is still showing negative growth, a large number of textile enterprises frequently closed. Since the two quarter of 2009, textile and garment enterprises have become a general consensus, under the embattled, the textile industry reshuffle and adjustment is inevitable, the entire textile industry upgrade and improve imminent. Should be clear, the international market big cakes in the shrinking, but we should keep the share in the international market do not fall, can not let so many years of hard accumulation of export-oriented enterprises of production capacity, competitiveness suddenly lost, that loss too much. (Hu Feihong) >> steel companies to reduce the price gap with other countries China Iron and Steel Industry Association deputy Secretary-General Qi Xiangdong said that at present China's plate exports have serious difficulties, the impact of imported low-cost steel is also very serious. This time the increase in export tax rebate rate, although not very large, but to some extent, to make up for the exchange rate appreciation of the export losses, improve the enthusiasm of some large steel enterprises export. For the new deal on export rebates, joint metal Research Center analyst Hu Yanping said that with the implementation of the new Deal, China's manufacturers export quotations can be appropriately lowered, and thus narrowing the gap with other countries, so that competitiveness can be improved. (Zhang Yan) experts read "Expanding domestic demand, stable external demand" closely combined with the Treasury Department's deputy director Liu Shangxi: On the basis of a series of measures to support foreign trade growth in the previous stage, the State Council's executive meeting, held on May 27, has deployed six major measures to further stabilize external demand, emphasizing current and future periods, The shrinking of external demand is still the biggest difficulty for China's economic growth, while basing on expanding domestic demand, we must do everything possible to stabilize the external needs. The adjustment of the export tax rebate rate is the implementation of the State Council stability outside the need for a series of complementary policies of the latest measures, reflecting the government will expand domestic demand and stable external need to closely combine the regulatory intent.　　In the short term, the current export situation of our country is still grim, further improving the export tax rebate rate will help to reduce the cost of export enterprises, for the stability of external need to promote. Further highlighting the structural adjustment intention Andifu, Professor of Finance Institute of Renmin University of China: To adjust the export tax rebate rate to stabilize overseas market demand is an international financial means. In response to the adverse impact of the international financial crisis, since last year, China has issued a series of support for the steady growth of foreign trade policy measures: several consecutive increases in export tax rebate rate, the current comprehensive tax rebate rate of 12.4%; support small and medium-sized enterprises to explore the international market, especially to open up new markets　　, multi-channel loans to help export enterprises to solve the financing problem, since last November, a total of more than half a year of new loans in the country more than 6 trillion yuan ... Since the outbreak of the financial crisis, China's continuous increase in export rebate rate to stabilizeExports have played a positive role.　　The Government for different products to implement different export tax rebate rate, on the basis of increasing support, and further highlight the structure of the intention to focus on promoting the advantages of products, labor-intensive products and High-tech products exports. The role of foreign trade "engine" has not changed. Wang Zixian, deputy director of the Ministry of Commerce Policy Research Department: Stable external demand for the current China's economic growth is significant, to stimulate economic growth, enhance the ability to resist risk and stable employment has an irreplaceable role.　　The role of export to economic development may weaken in the short term, but the role of foreign trade as the engine for the long-term development of the world and China's economy has not changed radically. The figures show that despite a 24.3% drop in exports of foreign trade in January-April this year, the month of April fell by 1.9% per cent from a year earlier.　　In particular, the April and March chain import and export value growth of 10.4%, indicating that our foreign trade situation to maintain the March signs of improvement, showing the stability of the situation. At present, the need to stabilize the renminbi exchange rate industry analyst Wang forward: in the long run, the export drawback rate of the appropriate upward adjustment to reduce employment pressure has a positive significance, but the actual impact on the enterprise is not. On the one hand, the underlying reason for the decline in exports is the continued appreciation of the renminbi and the decline in competitiveness resulting from rising costs, including raw materials and labour prices; On the other hand, because our export enterprises do not have the advantage of bargaining power, the preferential rebate rate can not be fully enjoyed by domestic enterprises. Instead of paying attention to the adjustment of export drawback rate, we should turn our eyes to the stability of RMB exchange rate. As a result of the financial crisis, many countries with China at the same level of competition to adopt a substantial devaluation of the practice, seriously weakening the competitiveness of Chinese exports. In this case, the State must maintain the stability of the RMB exchange rate, especially not a substantial appreciation, otherwise the damage to export enterprises is very large. (Hu Feihong) should be in the expansion of domestic demand, the Ministry of Finance's deputy director Liu Shangxi: In the face of the adverse impact of the financial crisis on China's foreign trade, only by adjusting the export tax rebate policy and other measures play a limited role, in the long run, we also need to accelerate the transformation and upgrading of foreign trade, through the adjustment of industrial structure to promote economic growth.　　In the meantime, the Government should make more efforts in expanding domestic demand and transforming the way of development, and giving more support in the areas of expanding consumption, adjusting income distribution structure and enlarging public consumption. In addition to the signature, according to Xinhua