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    China'S Import And Export Tax Policy Continued To Exert Strength In The First Half Of The Year, Favorable To Reduce Inflation

    2008/7/8 0:00:00 44

    The Ministry of Customs of the Ministry of finance forecast that the import and export of this year will still maintain a relatively fast growth of about 20%, and import growth will be faster than exports. The trade surplus will be lower than that of last year.

    At the same time, the rapid growth of general trade imports will lead to a steady increase in import taxes.

      前5個(gè)月重點(diǎn)商品進(jìn)出口走勢(shì)基本符合宏觀調(diào)控方向,各項(xiàng)進(jìn)出口稅收措施效果明顯

    According to the analysis of the tariff division, 1-5 months of this year, the import and export of the whole country continued to maintain steady and rapid growth, and the mode of trade and country distribution structure were further optimized. The import and export trend of key commodities basically accorded with the direction of macro regulation and control, and the import and export tax measures were effective.

    The director of the tariff division analyzed the import and export tax situation in detail in an interview with our reporter.

    Imports of energy, resources, industrial components and other products which have been encouraged to import by tariff reduction have generally increased rapidly, but prices have also risen sharply.

    In 1-5 months, the imports of more than 600 kinds of merchandise imported into the provisional tariff amounted to about US $96 billion 300 million, accounting for 20.6% of total imports, a significant increase of 44.7% over the same period last year, which is obviously higher than the average growth rate of 30.4% of total imports.

    Among them, four categories of iron, manganese, copper and chromium have increased rapidly by 19.6%, 37.4%, 21.6% and 22.6% respectively, and import prices have increased by 79%, 233%, 21% and 62.6% respectively. The import volume of crude oil and refined oil has increased by 12.7% and 17.3% respectively, and the import volume has increased by more than a percentage point and the import of kerosene in refined oil has increased sharply by the increase of the international market price. The import volume of soybeans has increased by more than the same period last year.

    In addition, imports of electrical appliances, such as electric pumps, bearings, metallurgical intermediates, and household appliances and kitchen utensils such as refrigerators, tape recorders, washing machines and coffee machines have increased by more than 1 times.

    Part of the export tariffs were "two high and one capital" and the export of grain products decreased significantly.

    In the 1-5 months, the export volume of more than 400 kinds of merchandise exported to us was about US $21 billion 600 million, accounting for 4% of the total export volume, which still decreased by 4.6% compared with the same period in the international market.

    Among them, 3 important energy products, such as coal, coke and semi coke and crude oil, were exported by 18 million 500 thousand, 5 million 940 thousand and 950 thousand tons respectively, down 4.2%, 11.9% and 40.4% respectively. The export of steel billets was only 110 thousand tons, greatly reduced by 96.9%; the export of steel was 21 million 741 thousand tons, dropped by 20.8%; and the export volume of grain exports dropped by a large margin.

    Rice exports increased by 650 thousand tons, but still increased by 17.5%, but exported only 40 thousand tons in 4-5 months, down 64% from the same period last year.

    Special export tariffs have been effective and fertilizer exports have been effectively controlled.

    Since April 20th, China has imposed a special export duty on chemical fertilizer products. Since May, the total number of related chemical fertilizer products has been exported to 1 million 262 thousand tons in May, which is 16.7% lower than that in April, while the export unit price has increased by 35.6% compared with that in April.

    It is understood that after the special tariff levy, the profit of domestic chemical fertilizer export has basically been emptied. Most of the port digested and reflected in the statistics in May were declared or entered into trade contracts before taxation.

    The import and export of key commodities grew steadily, and the diversification of clothing export market became more apparent.

    In 1-5 months, 171 thousand vehicles imported, worth 6 billion 260 million US dollars, increased by 59% and 74.9% respectively. The 118 aircraft imports also increased by 37.2%, and the liquid crystal display and integrated circuits were imported 20 billion 320 million and 51 billion 430 million US dollars respectively, increasing by 51.1% and 10.7% respectively.

    Over the same period, the export of textile yarn and fabrics and products was 26 billion 70 million US dollars, a rapid increase of 26.3%, a 15.4 percentage point increase over the same period last year. The export volume of clothing and accessories, footwear and two kinds of bulk commodities increased by 7.3% and 12.7% respectively, and the growth rate decreased by 11 and 2.7 percentage points respectively over the same period last year.

    The main reason for the decline in the growth of clothing exports is that the slowdown in the US led to a sharp slowdown in exports to the United States. In 1-5, I exported $5 billion 960 million to US exports, down 3.58% from the same period last year.

    But at the same time, China's export clothing to the EU was 9 billion 980 million US dollars, a rapid growth of 46.9%, and exports to Korea, India, Australia, Russia and other countries also increased by 11.4%, 46.2%, 21% and 23.8% respectively.

      下半年將繼續(xù)從進(jìn)口、出口兩個(gè)環(huán)節(jié)合理調(diào)節(jié)國(guó)內(nèi)外市場(chǎng),促進(jìn)市場(chǎng)供應(yīng),穩(wěn)定物價(jià)水平

    Since May this year, China has focused on the import and export tax policies of some key commodities.

    For the purpose of strictly controlling the export of raw materials for phosphate fertilizer and ensuring agricultural production, since May 20th, 100% special export duties have been added to 6 kinds of phosphorus products such as phosphorite and other minerals. At the same time, sulphur imports are exempt from import value-added tax. Since then, in order to meet the domestic market supply, curb the excessive price rise and reduce the production costs of related industries, the import tariff of 26 categories of commodities, including 6 kinds of food, edible vegetable oil, medicine, feed and cotton, has been cut down since June. The average tax reduction rate is over 50%. Since June 13th, the export tax rebate of some edible vegetable oils has been further eliminated.

    The head of the tariff division believes that the adjustment of these policies is relatively large and the policy signals are clear, which will help reduce the expectation of inflation and hopefully play a positive regulatory role in the second half of this year.

    In the second half of this year, the domestic and foreign economic environment will have a great impact on the trend of China's foreign trade.

    First of all, the price of primary products in the international market is still at a high level, and oil prices are constantly changing to a new high. Although OPEC has decided to increase production, the trend is hard to reverse in the short term.

    As a result, the rising cost of domestic enterprises and the increasing inflationary pressure are still prominent problems in the current operation of foreign trade.

    Secondly, the Wenchuan earthquake has a serious impact on the economy of Sichuan and other disaster areas, but it will not have a major impact on the economic fundamentals of the whole country. Taking into account the provinces in the affected areas are all inland areas, and post disaster reconstruction will promote the import demand for various kinds of energy and resources products, industrial raw materials and installations in China. Therefore, the earthquake disaster has little impact on China's exports and may further promote the growth of imports.

    Finally, since April, with the easing of the US economic downturn, the appreciation rate of RMB has gradually slowed down, and the total appreciation in 4-6 months has been 2.3%, which is significantly lower than the 4.1% in the first quarter.

    On this basis, with the rapid upgrading of domestic textile industry and the regulation of cotton tariff reduction, the next stage of domestic production pressure will be eased, and the growth rate of textile and garment exports is expected to rebound.

    The head of the Customs Division told reporters that they would continue to pay close attention to the market trend at home and abroad, further strengthen the tracking analysis, and focus on the import and export situation of large commodities with large domestic demand, high dependence on foreign trade and high international market prices, and promptly solve the problems in the implementation process of various regulatory policies, so as to ensure that the policies are put into place and achieve results.

    We should continue to study and continuously improve the import and export tax control measures, and continue to rationally regulate domestic and foreign markets from the two links of imports and exports, promote market supply and stabilize prices.

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