The Dispute On Textile Export Tax Rebate Will Be Suspended Temporarily.

2011/4/12 11:23:00 34

After 6 years, China has another quarter.

Deficit

。

Data released by the General Administration of Customs in April 10th showed that China achieved a trade deficit of 1 billion 20 million US dollars in the first quarter.

foreign trade

This small balance is attributed to two points: the price of US dollar denominated commodities has risen significantly, and the import volume of China's main import commodities such as crude oil and iron ore has increased evidently. The long-standing "foreign policy of reward and entry" has been fundamentally adjusted, and expanding import and reducing surplus is the focal point of the current foreign trade policy.

Most respondents believe that the pattern of petty deficit may still be there.

Two quarter

Continuing, but there is no possibility of a trade deficit for the whole year, and the annual trade surplus is expected to be controlled at 1000.

Billion dollars

Following.

The surplus of US $100 billion has been measured by the foreign trade system.

Trade

Key indicators for basic balance.

In front of the small deficit, the dispute on whether the export tax rebate rate, represented by textile and clothing, is expected to be temporarily shelved.

According to the sources in April 11th, the top executives' ideas for adjusting the export tax rebate policy are: keep the pressure and keep the total amount unchanged.

The export tax rebates for industries with "two high and one surplus" (high pollution, high energy consumption and over capacity) will be cut down, and some of the export tax rebates will be used to support the export of three kinds of products, such as low carbon, high technology and labor intensive.