China'S Economic Regulation And Control Policy Will Tilt Towards Difficult Enterprises.

At the end of the Beijing Olympic Games, many people's eyes began to shift to the next economic regulation of the Chinese government.

Scholars believe that the relevant policies will not be "one size fits all" but will be tilted to the enterprises in difficulty, that is, to make moderate accommodation for enterprises that are difficult to get rid of their difficulties on their own conditions.

Cui Da Hu, a fellow of the world economic institute of the Shanghai Academy of Social Sciences, pointed out that China's recent export tax rebate for some industries is an example.

Since the beginning of this month, the State Tax Bureau and the Ministry of finance have raised the export tax rebate rate of some textiles and clothing to 13%, while raising the export tax rebate rate of some bamboo products to 11%.

However, export tax rebates for some pesticide products, some organic arsine products, paclitaxel and its products, some coating products, some battery products and carbon anodes were cancelled.

Among them, the export tax rebate rate of clothing has actually dropped from 13% to 11% last year.

In this regard, Cui Da Hu explains that for many years, many enterprises, including the textile industry, have developed "homogeneous" products with cheap labor force and compete with each other at low prices, which not only damages China's image, but also suffers from foreign anti-dumping.

Therefore, the Chinese government adopted a policy of lowering the export tax rebate rate last year for the purpose of labor-intensive industries.

Cui Da Hu said: "the export tax rebate policy introduced last year is not to crush them (labor-intensive industries), but to promote their industrial upgrading. If the enterprises are too small to merge, they will have to win the fittest.

However, the pformation of domestic enterprises is indeed not overnight.

In this "painful pition period", enterprises face the problems of raw material prices and labor costs rising and appreciation of the renminbi, which make these enterprises unable to pfer exchange rate risk, especially small businesses, "to the point where they can not survive".

Cui Da Hu said: "in the long run China's macro-control is right, but in the short term, we must make fine adjustments according to the actual situation.

We should encourage enterprises to integrate and improve technology through policies, and give them a relatively relaxed environment. First, let them survive and then upgrade. "

According to the Outlook Weekly Newsweek, statistics from the SME division of China's national development and Reform Commission show that in the first half of 2008, there were nearly 7 small and medium-sized enterprises (SMEs) with over 5 million yuan in annual turnover, mostly in the southeast coastal areas.

This is believed to be the reason why Premier Wen Jiabao went down to Guangdong, Shanghai and Jiangsu last month, and vice premier Li Keqiang inspected Wenzhou and Hangzhou, as well as leaders of important ministries and commissions running frequently in the Yangtze River Delta and the Pearl River Delta.

　　長三角與珠三角企業困境不相同

Many enterprises in the Yangtze River Delta and the Pearl River Delta are export-oriented and face different difficulties. Generally speaking, the latter is more serious than the former.

Cui Da Hu said that in the early days of China's economic opening up, the main economic investment in the southern area adjacent to the Pearl River area was "blood relationship", which was funded by Hong Kong, Taiwan and Macao, with relatively small investment, large enterprises, small scale and low level of technology.

Looking back at the two provinces and one city in the Yangtze River Delta, Shanghai originally focused on advanced manufacturing such as sedan and chemical industries, so that two provinces in Jiangsu and Zhejiang accepted their cotton textile industry.

Jiangsu is mainly importing foreign capital such as Southeast Asia, Japan and Korea, while Zhejiang's development is mainly driven by private entrepreneurs.

He went on to say that the Yangtze River Delta initially developed labor-intensive industries just like the Pearl River Delta: "but the scale of the Yangtze River Delta is relatively large, which can lower the cost, so that the wages of workers can be higher.

Coupled with the industry's integration into the global manufacturing system, production bottlenecks are relatively small. "

Han Hualin, director of the enterprise development research center of the Shanghai Academy of Social Sciences and deputy director of the Industrial Development Research Center, also believe that compared with the Pearl River Delta, the industrial structure level of the Yangtze River Delta is relatively high, and its ability to resist risks is relatively high.

If there is a cash flow problem, the upstream partners of the Yangtze River Delta enterprises that are "integrated into international procurement" will be more willing to help, and the banks are more willing to lend money to these highly skilled enterprises.

At present, the Yangtze River delta accounts for 22% of China's gross domestic product (GDP) and 10% of the Pearl River Delta.

At the beginning of this month, China's State Council identified the Yangtze River Delta as a service oriented development system. Some people believe that the Chinese government has greater confidence in the Yangtze River Delta's economic pformation than the Pearl River Delta.