The Development And Reform Commission Has Tightened The Export Policy Of "Two High And One Capital".

Though denied by many parties, the adjustment of export policy is already in the firing line.

The China Securities Journal reporter learned from authoritative channels that the government departments concerned are planning to reduce the export rebate rate and raise the export tariff rate of some "two high one capital" commodities, which is now being signed by many ministries and commissions, and will be introduced in a few days.

Informed sources said that in the export policy adjustment, the steel industry will be the biggest impact.

The earliest export tax rebate adjustment is the iron and steel industry.

Earlier media reports said the government was considering canceling the 9% tax rebate for hot coil exports, while the export rebates for cold rolled and coated products dropped from 13% to 9%.

The news caused a great stir in the industry, and Qi Xiangdong, Deputy Secretary General of the China Iron and Steel Industry Association, also denied this rumour.

However, according to the reliable news obtained by China Securities Journal, the government really has plans to make adjustments in export policy to restrict the export of "two high one capital" products.

"The volume of steel exports in April is a fuse."

According to sources, the latest export figures are the incentives for the country to adjust its export policy.

Customs statistics show that in the first 4 months of this year, China exported 13 million 20 thousand tons of steel, an increase of 98.83% compared with the same period last year, and the average export price was $767.69 per ton, down 32.9% from the same period last year.

In April, steel export volume was 4 million 310 thousand tons in January, compared with 1 million 412 thousand tons in the same period last year, an increase of 205.3% over the same period last year, and a 29.4% increase in the chain.

"We believe that in the context of the sharp rise in steel and raw material prices, the sharp increase in steel exports and the rise or fall of export prices is not a good thing."

Authoritative figures made the above statement.

It is understood that the current tax rebate adjustment rate has not yet been determined, but the adjustment and scope of the steel industry is the largest.

In addition, the non-ferrous metal industry will also have a dozen tax rebate rates will be reduced, the chemical industry fertilizer export policy will also tighten.

"Those policies are emergency measures, and adjustment is inevitable."

Some industry sources said that the adjustment of the export tax rebate was mainly aimed at the products that were concentrated on 2009 when dealing with the financial crisis, especially the products of "two high and one capital".

Statistics show that the Ministry of Finance and taxation in 2009 issued a number of documents to raise the export tax rebate rate, involving more than 900 commodity tax numbers, involving industries including steel, non-ferrous metals, chemicals, textiles, food, equipment and so on.

"There are still great differences between departments."

An official in charge of foreign trade, who has just passed the relevant government departments, said that the lead export adjustment was made by the NDRC. Its initial plan was more severe and the objection from the Ministry of Commerce was also great. So far, the final adjustment range and scope have not been determined.

From the point of view of the industry, leaders of various trade associations have come forward to expect the continuity and stability of the foreign trade policy.

Qi Xiangdong said more publicly that export orders for steel companies have just improved, and that the sharp increase in export data in April was due to the low base last year.

However, even if all sides are still debated about the adjustment of export policy, it is no longer a matter of adjustment or adjustment.

Authoritative sources said that the final adjustment will be mainly for some low value-added "two high one capital" commodities, the adjustment may not all return to the pre crisis policy step by step, but gradually restored.

In the field of industrial economy, commodity trade and environmental protection, the "high energy consumption, high pollution and resource" is called "two high and one capital". The industries with these 3 characteristics are called "two high and one capital" industries. The products with these 3 characteristics in the production process are called "two high one capital" products.