Ministry of Commerce: Export products Full tax rebate more urgent

April FDI decline to 22.5% consecutive 7-month decline in the report yesterday, the Ministry of Commerce spokesman Yao Jian said that the current Chinese exports are facing severe situation, in order to help enterprises to achieve an equal competitive environment, the export of products to take a complete tax rebate appears more urgent and important. Yao pointed out that although the current credit growth is very fast, but according to the feedback of foreign trade enterprises, not only small and medium-sized enterprises, but also a considerable export enterprises such as mechanical and electrical products, trade financing conditions remain tight.　　He revealed that the financial sector is actively studying the relevant measures. The Ministry of Commerce published data showed that April the actual use of foreign capital (FDI) 5.89 billion U.S. dollars, down 22.5% year-on-year, the chain down 30%, for the 7th consecutive month of decline. This 1-April, the national actual use of foreign capital of 27.67 billion U.S. dollars, down 21% per cent, the new batch of foreign-funded enterprises set up 6,241, down 34.2%.　　In January-March this year, FDI fell by 32.7%, 15.8%, 9.5%, but in April the decline widened to 22.5%, from the absolute value, compared to March 2.5 billion U.S. dollars, the chain down nearly 30%. As the international financial crisis spread from the financial sector to the real economy, foreign investment was significantly affected, Yao said.　　The Government will take positive measures, including encouraging and supporting the optimization and upgrading of the industrial structure of foreign investment, deepening system reform, decentralization of examination and approval, and perfecting the legal system and services. >>> Links Southwest Securities Macro Senior Analyst/Dongxiangan: Given last year's reality, investors should not be surprised or frustrated by the latest figures. There is no data to suggest that the economy has bottomed out, and that is the big background now.　　The downturn is likely to ease in the second half of this year, with foreign direct investment likely to recover and grow in the years to come. BOC Hong Kong Senior Economic researcher/Huang Shaoming: At the beginning of reform and opening up, FDI accounted for a large proportion of China's economy, but with the growth of China's economic total, in recent years, FDI accounted for less and less, the economic structure is not much impact. Last year, China's FDI of about 100 billion U.S. dollars, the equivalent of RMB 700 billion yuan, this year is expected to be less than this figure. And China's domestic budget for fixed assets investment of 17 trillion yuan, last year and the end of the additional 4 trillion yuan, although the 4 trillion yuan will not spend all this year, the total amount of domestic investment will definitely break through 20 trillion yuan. In comparison, FDI accounted for a negligible proportion. Reporter Liuyang