Re-adjustment of export rebate rate of some products returned in full

China has raised its export rebate rate for the seventh time since August 2008.　　The Ministry of Finance and the State Administration of taxation jointly issued a notice, announced from June 1 onwards to increase the export rebate rate of some commodities, the adjustment involved in agricultural products deep-processing, mechanical and electrical, shoes and hats, glass products, steel products and other manufacturing areas of more than 2,600 tax purposes goods.　　Make up for external demand "short board" This is our 3rd time this year to raise the export tax rebate rate, is expected to increase the export tax rebate rate will be increased tax rebate funds about 25.2 billion yuan. The specific products raised include: first, TV with sending equipment, the export tax rebate rate of sewing machine and other goods increased to 17%; second, canned, fruit juice, Sans and other agricultural deep-processing products, electric gear pumps, semi-trailer and other mechanical and electrical products, optical components, such as instrumentation, insulin preparations and other drugs, bags, shoes, hats, umbrellas, hair products, toys, The export drawback rate of furniture and other goods increased to 15%; third, some plastics, ceramics, glass products, some aquatic products, turning tools, such as export tax rebate rate increased to 13%; four, alloy steel and other steel products, steel structure, such as metal, scissors and other goods export tax rebate rate increased to 9%; five, corn starch,　　The export tax rebate rate for alcohol increased to 5%. May 27, Premier Wen Jiabao presided over the State Council executive meeting to determine "the improvement of export tax policy, continue to support the advantages of products, labor-intensive products, High-tech products exports."　　But this time does not involve the textile clothing product, many industry personage expresses to the reporter "very unexpectedly".　　Experts suggest that the renminbi depreciation is calculated, after this adjustment, the comprehensive tax rebate rate will rise from the current 12.4% to 13.5%.　　Zhou Shijian, executive director of China Institute of International Trade, said in an interview with reporters that the proportion of the 1998 at the end of the 15.5% level still has a certain distance, but the current foreign trade situation is more severe than the Asian financial crisis.　　He suggested that the way to stabilize exports, a moderate devaluation of the renminbi and maintain around 7, the second is the comprehensive recovery of export tax rebate, and to "timely, full, in place", in addition to "two-year" products, should be achieved as soon as 17% of the export full tax rebate.　　There is also the view that the current external demand is weak, increase the tax rebate on the export promotion effect is not big. Whether to pay a full refund in the near period has sparked a lot of discussion.　　It has been reported that, shortly before the State Council executive meeting, the Finance Department of the Ministry of Commerce had submitted a report on the establishment of a full export tax rebate system, which was discussed within the Ministry of Commerce. Yang Zhiyong, a researcher at the Institute of Finance and Trade and economics at the Chinese Academy of Social Sciences, said in an interview with reporters that according to international trade rules, export tax rebate is to solve the problem of double taxation of goods, most countries have implemented "total withdrawal", and China as a macro-control policy to use. From the angle of stabilizing business tax burden, we should make adjustment. At present, there is no radical adjustment, to some extent, the pressure of revenue.　　This adjustment is bound to continue to increase the financial burden in the event of a huge increase in the fiscal deficit. Data show thatJanuary-April, the country has actually handled export tax rebate 135.862 billion yuan, an increase of 16.8%. Hot Rolled Sheet Export tax rebate to 9% yesterday, the Ministry of Finance and the State Administration of taxation jointly issued a number of major categories, including electrical products, steel products, such as Export tax rebate adjustment notice.　　Among them, "for steel products such as alloy steel, steel structure, such as steel, scissors and other goods, such as export tax rebate rate increased to 9%." The notice has been formally implemented since June 1.　　This is also the second time since the April 1 increase in export tax rebate rate, this year to adjust the export tax rebate rate. April 1, export tax rebates for high value-added products such as cold-rolled, stainless steel and oriented silicon steel and alloy steel increased to 9%-13%.　　But the main varieties of steel exports of pig iron, general billet, threaded steel, profiles, hot-rolled plate and plate and other not only no tax rebate, but also to levy 5%~25% export tariffs.　　Among them, the hot-rolled coil plate varieties are more serious overcapacity in China, after CISA proposed export tax rebate from 0 to 13%. The hot-rolled plate export rebate rate after the increase, in addition to rebar, the remaining varieties of steel exports have been rebate concessions.　　"My Iron and Steel" information director Xu Xiangchun told the Morning Post reporter, even in the current situation of poor exports, the government for "two-funded" varieties are not relaxed. Although the export tax rebate on hot-rolled plate up 9%, after the adjustment per ton competitiveness will increase 200-300 yuan/ton. Xu Xiangchun to the Morning Post reporter that temporary promotion effect is not too big.