10 8, the National Tax Administration officials confirmed to reporters inside the Bureau of goods services tax Division is considering to increase the electromechanical and high-tech products export tax rebate related issues, although there is no specific adjustment determined, also further reference to the upcoming macroeconomic data.
China's decision makers on foreign trade regulation, taxation is the most used tools, this is no exception. Impact by the world economic slowdown, China's foreign trade situation is grim. According to customs statistics, China's exports in August rose 21.1%, 5.8 percentage points lower than the month, exports are still maintained its easing trend. The electromechanical and high-tech products in China's exports have been enjoying a larger share of China's export of electromechanical products in 2007 accounted for 58% of exports, high-tech exports accounted for 29% of the country's exports. The tax rebate adjustment is obvious intention is to stimulate exports, ensure economic growth.
But the industry may make adjustments for this are not very good. China
Home Appliances
Xu Dongsheng, Deputy Secretary-General Association of interview with this reporter said, to improve mechanical and electrical products export tax rebate can only be short term positive, can do business better. However, export growth fell the most basic factor is the external demand is not, so the tax rebate adjustment of long-term effects may not appear.
To respond to rescue calls, etc.
In the industry view, the countries are and will take the "rescue" measures, seems to constantly sound the outside world.
By Japan, the European Union and the weak U.S. economic growth to a certain extent, China's economic growth this year, there is a clear signs of slowing. In the first 8 months, China's export growth rate of 25.7% from last year fell to 22.4%, total exports 937,690,000,000 U.S. dollars, up 22.4% from a year earlier, significantly lower than from January to August 2007 to 27.7%.
Affected, and, like most of the export industry, appliance industry in 2008, is also facing increased labor costs, raw material prices, RMB appreciation, financing costs, shrinking external demand and a series of difficult market.
According to customs statistics, from January to April 2008, the number of household electrical appliances exports to the U.S. for the 225 548 100 units, down 3.4%, export value of 2.678 billion U.S. dollars, down 0.8%. Several major household electrical appliances exported to the U.S. in
Air conditioning
Machine device exports fell by 25.5%
Refrigerator
Exports fell 16.9%
Washing machine
Exports fell 33.6%,
Fan
Exports fell 13.7%,
Microwave ovens
Exports fell 4.1%, exports fell 7% vacuum cleaner, electric iron down 10.8%, roasted hot bread device down 17.9%, electric coffee maker and hair dryer were reduced by 10% and 28.6%.
Xu Dongsheng told reporters that also caused severe export situation, the government's attention. A few months ago, the National Development and Reform Commission officials, once export of household appliances through the association to understand the difficulties encountered, but then, and no relevant support policy introduced.
It is understood that mechanical and electrical products, engineering machinery, port machinery, machine tools, etc. Most of all enjoy the maximum 17% export tax rebate rate, less likely to continue to rise. The textile machinery and home appliances and electrical products enjoy 11%? 13% of the export tax rebate rate, if adjusted, this part is most likely.
Li Jun Textile Resource editor
told this reporter that the current export of textile machinery in general to India, Pakistan, Bangladesh and other developing countries, cheap, low profits, order growth has been slow. Prior to raise textile export tax rebate when the State did not put them textile machinery.
Introduced Countdown
Within the Ministry of Commerce officials told reporters that the U.S. economic situation has affected the domestic and the export of China's economic growth for much of the dependence, so the callback electromechanical and high-tech products export tax rebates are a normal, expected may be forthcoming in the near future. I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as bucket handbags , coach patchwork handbags.
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