Before April, Industrial Profits Increased By 91.5%&Nbsp Compared With The Previous Year.

Data released by the National Bureau of statistics on 28 may show that in the first 4 months of this year, the profits of Industrial Enterprises above Designated Size reached 24 yuan in the 24 regions, an increase of 91.5% over the same period last year, an increase of 11.1 percentage points lower than the 102.6% in the first quarter.

On the same day, the Ministry of Finance released the first 4 months of operation of state-owned enterprises, showing a cumulative profit of 579 billion 520 million yuan, an increase of 69.6% over the same period last year.

In the 39 industrial sectors, the profits of the 37 industries increased year by year.

The larger increase was in the oil and natural gas extraction industry, with profits rising by 230% over the same period last year.

The two industries that were down year-on-year growth were: the tobacco products industry decreased by 15%, and the petroleum processing, coking and nuclear fuel processing industry dropped by 6.8%.

Data show that compared with the first quarter, the growth rate in the first 4 months dropped by 11.1 percentage points, while the 1-3 month profit growth rate was 21.1 percentage points lower than that in 1-2 months.

Among them, the profit growth rate of 25 industries has dropped, and the boom degree of heavy industry has dropped more obviously.

In this regard, market participants believe that, in addition to the higher base last year, this is also related to the decline in macroeconomic fever, the growth rate of industrial added value in April also appeared inflection point drop.

In April this year, 24 Industrial Enterprises above Designated Size realized the main business revenue of 161242 billion yuan, an increase of 40% over the previous year, an increase of 0.4 percentage points lower than that in the first quarter.

In addition, the 1-4 month operation of state-owned enterprises released by the Ministry of Finance yesterday showed that the cumulative profits of state-owned enterprises in April this year increased by 7% over March.

The central enterprises realized a total profit of 412 billion 220 million yuan, an increase of 50.2% over the same period last year, and an increase of 3.7% in April compared with March. The profit of the central management enterprises decreased by 1.4% in April compared with that in March, and the profit margin of the local state-owned enterprises increased by 14.8%.

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Taiwan will reduce taxes on 267 mainland products.

"The 18 Taiwan agricultural products will benefit from this early harvest plan. The average tariff of these agricultural products is 13.3% now, and it will drop to zero in three years, which is good news for us."

Li Yongxin, general manager of Taiwan Maoming group, Yi Mao Trading Co. Ltd. and executive director of Guangdong Qingyuan Association of Taiwanese businessmen, said yesterday in an interview with reporters.

The Ministry of Commerce revealed on 25 th that the commercial negotiation of Cross Strait Economic Cooperation Framework Agreement (ECFA), which has attracted much attention from agricultural products, has been completed and relevant business issues have been agreed.

The Ministry of commerce also revealed that after consultation, the two sides, based on the complementarity of the two sides' industries, reached a large scale and broad coverage of the early harvest plan on the basis of fully considering the concerns of the two sides.

In the early harvest plan of ECFA, the mainland will reduce taxes on 539 products originating in Taiwan. Taiwan will reduce taxes on 267 products originating from the mainland.

At the same time, the mainland will expand its opening up to Taiwan businesses in 11 service sectors, such as hospitals, banks, securities and insurance.

In the early harvest of trade in goods, the mainland will reduce taxes on 539 products originating in Taiwan. In 2009, the mainland imported 13 billion 830 million of the products from Taiwan, accounting for 16.1% of the total imports from the mainland, including ten categories, namely, agricultural products, electronic products, auto parts and so on.

Taiwan will reduce taxes on 267 products originating from the mainland. In 2009, the amount of the products imported from Taiwan from the mainland in 2009 amounted to US $2 billion 850 million, accounting for 10.5% of the total import volume of mainland China in that year.

Taiwan's tax reduction products on the mainland include four categories: petrochemical products, machinery products, textile products and other products.

Li Yongxin said that he had learned from the relevant departments of Taiwan about the general situation of reducing taxes on agricultural products. 18 Taiwan agricultural products will benefit from it, including pitaya, orange, tea, saury, Wen Xinlan cut flower, Flammulina velutipes and other agricultural and fishery products, while the mainland's agricultural products did not enjoy the tax reduction treatment this time. We can see that the mainland has made great concessions to Taiwan businessmen.

Li Yongxin also said that lowering taxes would help Taiwan's agricultural products to expand the mainland market. For example, the 17% tariff plus 17% business tax of Taiwan's tea entering the mainland will greatly enhance the competitiveness of Taiwan's tea after the 17% tariff is removed.

"As a whole, there should be no impact on the mainland's agricultural products. These are characteristic agricultural products of Taiwan, which are different from those of the mainland. For example, Fujian has the cut flowers of the orchid, but the varieties and the market are not the same.

Since 2005, the mainland has imported zero tariff measures to 18 kinds of fruit, such as pineapple, litchi, papaya, wax apple and so on. From the past few years, Taiwan has not attacked the fruits of the mainland, but has enriched the fruits of the mainland.

Li Yongxin said.

Taiwan's electronic products are also listed in this tax reduction product.

Tang Zhengcai, the head of Dongguan Taiwan funded enterprise Electronics Co., Ltd., yesterday interviewed by our reporter, said that he had pferred all electronic production in Dongguan to Dongguan, so this time it will not directly benefit from it, but it will not be affected.

Tang Zhengcai said: "at present, the electronic products that are still in Taiwan are all high-end products, and the products that are relatively low end produced by us are not competing at the same level."

To make Taiwanese businessmen happy, not only will they benefit from the tax reduction of products, but the mainland will expand the opening of Taiwan's enterprises to 11 service sectors, such as banks, securities and insurance, which will also be beneficial to the economic and trade cooperation between the two enterprises.

Li Yongxin reflected that many of the Taiwan enterprises that had already developed on the mainland were not able to mortgage loans to mainland banks because of their land and factory buildings on the mainland. While Taiwan banks entered the mainland, Taiwan businessmen could raise mortgage loans in Taiwan property to Taiwan funded banks, which would further promote Taiwanese investment in the mainland and facilitate currency conversion.