Data Show That Some High Energy Consuming Industries Will Rebound Again.

In view of the excessive growth of some high energy consuming industries, a series of control policies were issued in 2007.

Under the influence of policy factors, the investment growth of some high energy consuming industries has dropped.

However, according to the statistics released by the National Bureau of statistics on its official website recently, the investment growth of some high energy consuming industries has rebounded again.

The investment in fixed assets in cities and towns from 1 to February increased by 92.8 percentage points. The investment in black metal smelting and calendering processing industry increased by 30% percentage points over the same period last year, increasing by 30.9 percentage points higher than that in 2007 year, and 5.7 percentage points higher than that in 1 cities and towns. The investment in non-ferrous metal smelting and calendering processing industry increased by 18% over the same period last year, an increase of half percentage points higher than that of the whole year, and a percentage point higher than that of the whole year. From 2008 to February, investment in petroleum processing, coking and nuclear fuel processing increased by 117.1% from 1 in the same period last year, an increase of 66.8 percentage points over the whole year of 2007, 99.9 percentage points higher than that in 2006.

Chen Zhongtao, a senior economist at China Federation of logistics and purchasing, believes that this may be related to the optimistic estimation of the future market of the enterprises.

The purchasing managers' index of China's manufacturing industry released in March is significantly higher than that in February. The production index of 19 industries in the 20 statistical industry categories is higher than 50%, and the non-metallic mineral products industry, such as one of the high energy consuming industries, even exceeds 70%.

According to the index system, an index of more than 50% represents industry expansion.

Gao Huiqing, senior economist at the National Information Center, told reporters that the rapid development of the high energy consuming industry was partly influenced by the enthusiasm of local governments to pursue the growth of GDP only. However, because the local government only focused on the development of the local economy and lacked the ability to co-ordinate the overall situation, the rapid development of the high energy consuming industries in China in the past two years has been made.

The rebound of investment in some high energy consuming industries is not conducive to preventing economic growth from overturning to overheating and rising prices too fast. It also stimulates the investment income expectation and aggravates the pressure of energy resources consumption.

In response, experts suggested that tax policy should be used to compress the profit margins of high energy consuming industries and increase the precise "strike" of tax policies on high energy consuming industries.

First, it is necessary to extend the policy of collecting oil special income from the excess income of domestic crude oil sold by oil exploitation enterprises to all high energy consuming enterprises.

The two is that we should continue to substantially increase the standard of prospecting, mining rights, income and resource compensation. Mineral resources belong to the whole nation, and all the high profits from mining are all owned by mining enterprises. It is unreasonable for us to sell the prospecting rights and mining rights to the owners of private mines in many places.

Three, we should continue to substantially raise the standard of resource tax collection, expand the scope of collection at the same time, and change the way of tax calculation from "quantity assessment" to "ad valorem levy", so as to curb excessive earnings of high energy consuming enterprises in taxation.

Four, we should improve the value added tax policy, allow enterprises to deduct the value-added tax input tax from the purchase of energy saving and emission reduction equipment, and further improve the preferential tax policies for the comprehensive utilization of waste materials and resources, and reward and punish simultaneously, so as to pform the high energy consuming enterprises from passive energy saving to active energy saving.