The Ministry Of Commerce Said It Would Increase The Export Rebate Rate Of Some Products.

China's foreign trade enterprises are particularly sensitive to the two "rates", one is the exchange rate and the other is the export tax rebate rate.

The impact of these two rates on foreign trade enterprises is immediate.

If the former "rate" fluctuates too large, it will cause the RMB to be unstable to the US dollar. Foreign trade enterprises, besides watching the money evaporated, will also lead to difficult orders.

The last "rate" is used by a Xinjiang machinery foreign trade enterprise.

With the weakening of global external demand, the export tax rebate rate will be increased by one point, which may be the profit point of foreign trade enterprises.

On April 22nd, Qian Keming, Vice Minister of Commerce of China, said at a news briefing that China will raise the export tax rebate rate of some mechanical and electrical products.

To complete this year's "government work report" and the decision of the State Council, after investigation, 17 ministries and commissions such as China's Ministry of Commerce and the national development and Reform Commission put forward five measures to stabilize foreign trade.

Among them, the first "fiscal and financial support" includes "optimizing the export tax rebate rate structure and improving the export tax rebate rate of some mechanical and electrical products."

This is also the first measure of the five policy measures adopted by the Executive Council of the State Council in April 20th to confirm the promotion of import and export stabilization.

This will be the ninth time since China's tax reform in 1994 that the export tax rebate rate has been raised.

Since the reform of tax system in 1994, China's export tax rebate policy has been adjusted several times along with the changes of economic situation at home and abroad. Among them, the 8 time is to raise the export tax rebate rate.

In 1995 and 1996, China's first large-scale export tax rebate policy was adjusted from zero to 3%, 6% and 9% for the original export products.

In 1998, the tax rebate rate of some export products increased to 5%, 13%, 15%, 17% and four stalls.

In July 1, 2007, the export tax rebates for a total of 2831 commodities were adjusted, accounting for 37% of the total number of goods in the customs tariff.

After this adjustment, the export rebate rate has changed from 5%, 8%, 11%, 13% and 17% five gears in 2004 to 5%, 9%, 11%, 13% and 17% five gears.

In August 1, 2008, in order to resist the export decline caused by the financial crisis, the export tax rebate rate of some textiles and clothing increased from 11% to 13%, and the export tax rebate rate of some bamboo products increased to 11%.

In November 1st of the same year, we continued to raise appropriately.

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The export tax rebate rate of labor-intensive commodities such as toys and toys will increase the export tax rebate rate of high-tech and high value-added products such as anti AIDS drugs.

In February 1, 2009, the export rebate rate of textiles and clothing increased from 14% to 15%, and the adjustment involved 3325 tax numbers.

In April 1, 2009, the export tax rebate rate of textiles and clothing increased to 16%, and the export tax rebate rate increased to 13%. There were alloy nickel strip, profile, nickel wire, nickel tube, aluminum alloy hollow core profile, non steel hot rolled strip, other refined copper pipes with outer diameter of 25mm, some rubber and its products, fur clothing and other leather products, daily ceramics, picture tube glass shells, metal furniture and other products.

In June 1, 2009, the export tax rebate rate of some electromechanical and steel products as well as corn starch and alcohol was increased.

The export tax rebate rate of steel products and steel products such as alloy steel and steel products and scissors increased to 9%, and the export tax rebate rate of TV pmission equipment and sewing machines increased to 17%.

The 8 time we raised the export tax rebate rate was 6 times before and after the financial crisis.

It is worth noting that in the European debt crisis, China did not raise the export tax rebate rate.

In 2012, China's foreign trade enterprises were hit by the European debt crisis. China's foreign trade showed low growth in July and August.

Since the European Union is China's largest trading partner and foreign trade enterprises have been hit harder, it has appealed to increase the export tax rebate rate of some products.

But in September 18th, the State Council finally formed some opinions on promoting steady growth of foreign trade, and there was no "lifting the export tax rebate rate" policy.

At the same time, the export tax rebate rate of some mechanical and electrical products is increased. This shows that the foreign trade situation is already grim to a certain extent.

Qian Keming also said that some time ago, the International Monetary Fund and WTO warned that the world trade was at its worst in 30 years.

At the same time, China's import and export volume, total export volume and import volume decreased by 11.3%, 9.6% and 13.5% in the first quarter of this year, respectively. The decline is still expanding compared with last year.

Therefore, under such a big background, the executive meeting of the State Council deliberated and adopted the policy measures to promote the stabilization of foreign trade in good faith.

Qian Keming said.

"From the international perspective, the shortage of external demand is very obvious."

Qian Keming said, "we have a figure at hand, and the 64 economies that have released data have generally declined in the first two months, of which 58 economies are falling.

Their imports are external demand, which affects China's exports. "

From the domestic situation, the cost of China's export industry continues to rise, especially in coastal areas, the labor cost of workers is 4 to 6 times that of neighboring countries.

Qian Keming said that under such circumstances, the pfer of industries and orders to foreign countries should be accelerated.

Since 2013, the pfer of Chinese industries to foreign countries has reduced export capacity by about US $95 billion, or nearly US $100 billion.

The pfer of industries to overseas also led to trade diversion, and processing trade continued to decline significantly.

Recently, China's Ministry of Commerce conducted a questionnaire survey of 3000 foreign trade enterprises. 57.7% of the enterprises thought that the export situation this year was more severe than last year.

In 2015, China's imports and exports fell 8% year on year, exports dropped 2.8%, and imports fell 14.1%.