The second half of the third six months of export tax rebate expected industry upgrade stimulus measures
Source: Internet
Author: User
"The order is smaller than the last one months, which may have been the role of the Canton Fair in the previous few months." "Entering June, staff at a Hong Kong handbag company's Yiwu office found that orders for this month were" shrinking "last month. "The April or May big list was hundreds of thousands of, but the biggest list in June was only tens of thousands of." And a lot of customers just to look at the sample, shot not before more. said the staff member. Exports of some industries improved in April, with $1.15 billion a month's worth of luggage exports, up 22.4% from last month, down 0.4% from a year earlier. The same clothing, textile and other industries have also realized the chain is growing. Affected by the continuing decline in foreign trade exports, the export drawback rate in the 2009 since the entry into the continuous adjustment. The Ministry of Finance June 8 announced the third Annual export rebate rate adjustment, including luggage, shoes and hats, loose hair products, toys, furniture and other goods export tax rebate rate increased to 15%. Television transmission equipment, sewing machines and other goods export tax rebate rate increased to 17% of the full. The following day, Zhang Wenqui, deputy director of the Development Research Center of the State Council, said in the 2009 China City Forum that, given that consumption and export policies are difficult to drive economic growth in the second half of the year, the country is expected to adopt further policies to stimulate industrial investment in the three quarter. "Only by stimulating investment in the industry to upgrade the manufacturing investment in fixed assets, and a good industrial upgrading investment to enhance the company's stamina is very secure." "Zhang Wenqui said. Single means difficult to boost exports according to the Ministry of Finance announced June 8, "on the further improvement of the export tax rebate rate of some commodities," the export rebate rate to 17% of the television use of transmission equipment, sewing machines and other goods. The claim of a full refund (17%) of clothing and textiles, which had previously been highly vocal, was finally dashed. The Iron and Steel Industry Association's earlier call for a one-off adjustment of the export tax rebate rate has not been reflected in the adjustment. In this respect, some industry insiders told reporters, to stimulate exports need to take a comprehensive approach. Wenzhou Day Fung Lighter company in charge told reporters that the most important thing is to stabilize the renminbi exchange rate, at least not to allow the exchange rate fluctuations, exchange rate volatility on the export of enterprises much more lethal. Since this year, although some sectors of the export tax rebate rate increase, pulling exports to increase the chain, but the national export has not come out of negative growth. The month of April this year, China exports 91.94 billion U.S. dollars, the chain growth of 6.9%, Year-on-year still fell 22.6%. Zhang Wenqui based on recent surveys, the current simple policy to stimulate exports and consumption is not clear, especially in the second half of the year to achieve the goal of rapid economic growth is not easy. The contribution of exports to the economy will remain negative due to the 20%-30% capacity of domestic enterprises for export and the lack of improvement in both internal and external demand. This claim was approved by Shaoning, deputy director of the State Council. Shaoning said that this year, the iron and steel enterprises appear a strange phenomenon, the more high-end product exports, but not, such as the export of silicon steel rebate rate MarchBottom adjustment to 13%, but the current market demand is the lower end of the building with wire, and wire not only has no export tax rebate, and even tariffs. Shaoning that the external market environment is still very grim, the majority of state-owned enterprises concentrated in the high-end product areas, but led to the decline in the benefits of the central government. This 1-April, the business income of the central enterprise fell by 9.2%, the profit fell by 36%, the local state-controlled enterprise income fell 8.4%, the profit fell 58.1%. The income of the central state-owned enterprises and local state-owned enterprises has fallen for the first time in years. "The impact of the shrinking international market on domestic industries is to extend upstream from export industries." So this extension makes the vast majority of the industry in a state of oversupply. Oversupply of the state caused excessive competition, resulting in a more substantial price diving, the final result is the lack of business start-up, as well as a sharp decline in profits. "Shaoning on the day of the state-funded forum said. The second half of the expected industrial upgrading stimulus measures Zhang Wenqui expected, the second half will also continue to introduce incentives to stimulate consumption and investment in fixed assets policy. The reason is that the current investment is mainly limited to infrastructure construction, is not enough to stimulate sustained economic recovery, the third quarter may be a more aggressive investment in the promotion of industrial upgrading, through the stimulation of industrial upgrading investment in the manufacturing sector to achieve substantial growth in fixed assets investment. Zhang Wenqui For example, some local enterprises have good hardware equipment, but "software" is not, so to invest in "soft assets." Improve the management, technology and other "soft power", China's manufacturing level can be significantly improved. Zhang Wenqui said that in the 1998 Asian financial crisis, our country adopted the policy of large-scale stimulation of technological transformation, which made the export competitiveness of textile, steel, automobile and other enterprises greatly enhanced after the economy entered the rising period. This time, too. He judged that ministries might launch a regional stimulus package for industrial upgrading, such as introducing policies to spur investment in areas where equipment manufacturing in the north-east is more concentrated. Zhang Wenqui pointed out that the current economy is still at the bottom, no obvious rebound, the projected stimulus spending will continue to be introduced, if the current policy to stimulate car consumption has not reached the effect, the next step does not exclude the increase in strength. New credit is expected to reach 10 trillion yuan a year, but the key is to really enter the investment capital production.
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