The Effectiveness Of Stable Foreign Trade Support Policy Needs To Be Observed.

To stabilize the foreign trade policy is to improve the business environment.

Progress, expand the scale of financing, actively expand imports, focus on increasing imports of advanced technology and equipment.

The external demand environment still depends on the world economic situation.

After China's poor economic data released in August, the policy of stabilizing foreign trade was released immediately, including speeding up the export tax rebate. Experts pointed out that the stable foreign trade policy introduced on Wednesday is aimed at improving the operating environment and financing conditions of foreign trade enterprises, reflecting strong policy pertinence and helping China's foreign trade enterprises to get out of difficulties.

However, due to the greater correlation between the import and export enterprises and the international market, under the backdrop of the global economic downturn, there is limited room for supporting the foreign trade policy, and the final success or failure of the policy efficacy still depends on the ups and downs of the international market demand.

"When we went on to investigate in the near future, the enterprises reflected the export tax rebate very strongly. This support policy first mentioned speeding up the progress of the export tax rebate, which is very helpful for enterprises to speed up capital turnover and improve the operating environment."

He further pointed out that the current difficulties faced by foreign trade enterprises include not only

The internal business environment is also not good, the policy targeted improvement will help enterprises cope with the current bad external environment and boost confidence.

Chinese Premier Wen Jiabao chaired a State Council executive meeting on Wednesday to study and determine policies and measures to promote stable growth of foreign trade, including speeding up the progress of export tax rebates, ensuring accurate and timely tax rebates, expanding the scale of financing and reducing financing costs, and supporting commercial banks to expand trade financing for small and micro enterprises and increase loans to eligible export enterprises.

Supporting foreign trade to suit the remedy to the case

Although the policy of supporting foreign trade has not been seen in China's previous measures to adjust the export tax rebate rate frequently in the crisis, it is obvious that foreign trade enterprises are looking forward to speeding up the progress of tax rebates and ensuring timely tax rebates.

Long Guoqiang mentioned that because the export tax rebate related to the central and local financial burden, especially in the current economic environment is bad, the tax rebate is difficult and slow situation is more prominent, this is indeed the policy of the right remedy.

The fiscal revenue that China just announced in August is not optimistic, and it continues to maintain a low growth rate. The national fiscal revenue increased by only 4.2% over the same period last month, of which the central government revenue fell 6.7% for the first time in the year.

In August, the export tax rebate was 71 billion 700 million yuan, down 11.8% compared to the same period last year.

Li Jian, a researcher at the Ministry of Commerce of China, also believes that foreign trade enterprises have been faced with the old problem of tax refund. The policy first emphasizes the timely, accurate and full refund of tax rebates, which is of substantial help in the face of the current cost pressures faced by foreign trade enterprises.

"Obviously, the current policy of supporting foreign trade has not increased the export tax rebate rate for many years in a year like 09 years or increased the competitiveness of export through the depreciation of the exchange rate," he said. On the one hand, enterprises did not have such a strong demand for such policies, because frequent adjustment of tax rate enterprises would not necessarily be favorable, disrupting the normal production and operation of enterprises, and the depreciation of the renminbi was not used in the 2008 financial crisis, and now it is even more impossible to adopt.

He pointed out that the introduction of foreign trade support policy seems to be not much, but it is all aimed at solving the problem.

The practical difficulties include improving financing conditions, helping foreign trade enterprises to open up markets, reducing fees and reducing logistics.

The State Council's support for foreign trade policy also includes expanding the scale and coverage of export credit insurance, paying special attention to developing credit insurance for small and micro enterprises. Expanding short-term insurance business, supporting small and medium enterprises to explore the international market, and actively expanding imports, focusing on increasing imports of advanced technology and equipment, key components and daily necessities closely related to the masses, supporting technological pformation and promoting trade balance.

At the same time, the level of trade facilitation will be improved. Under the premise of effective supervision, the scope of application of territorial declaration and port inspection and application will be relaxed to some B enterprises, and the statutory inspection and quarantine catalogue should be further reduced. The inspection and quarantine fees for all statutory inspection and quarantine objects shall be waived in the four quarter of 2012, and the inspection and quarantine charges shall be implemented after 2013.

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The prescription is good, but the efficacy remains to be seen.

Although experts studying foreign trade have pointed out that the support policies adopted are very pertinent, but for foreign trade enterprises, the market demand is even more crucial. Especially at present, China and Japan dispute the Diaoyu Islands obviously, while China and Japan are very important trade partners. Under the precondition that the European debt crisis has not yet improved, the new uncertainties will aggravate the uncertainty of foreign trade enterprises.

Long Guoqiang pointed out that Japan is an important trade partner of China. Now the relations between the two countries are tense and will have an impact on trade between the two sides.

China and Japan have increased their abuses against the Diaoyu Islands and their affiliated islands. The Chinese military said on Tuesday that the Chinese Army expressed its strong opposition and strong protest against the so-called "Diaoyu Island" nationalization ".

The Sino Japanese dispute over the Diaoyu Islands has heated up and has begun to spread the economic and trade relations between the two countries. Trade data released on Monday showed that the total trade volume between China and Japan in the first eight months of this year was 218 billion 700 million US dollars, down by 1.4%.. According to the latest data from the China Association of automobile manufacturers, the sales volume of Japanese cars in the Chinese market decreased in August.

Li Jian also mentioned that the European debt crisis has not yet passed, and that the support of foreign trade policy is only limited to domestic demand and the improvement of the enterprise environment, including the expansion of imports. However, the prosperity of foreign trade enterprises ultimately depends on the external demand and quality, so the effect of the policy needs to be further observed.

"The impact of external economic recovery is slowing down, the European debt crisis continues to ferment, and many factors of instability in the international financial market affect China's export receipts at a specific stage or in specific areas." the report issued by the State Administration of foreign exchange on the same day also mentioned that China's export receipts in the first half of the year were generally stable, but the downward trend is noteworthy. In the future, we still need to pay close attention to the risk of foreign exchange earnings.

Domestic demand is sluggish and commodity prices are falling, dragging down China's import accident in August for the first time in the first seven months of the year. The year-on-year growth rate of exports increased slightly compared with the previous month, but the external environment continued to slump. The growth rate remained at a low level. Analysts generally expect that the import and export situation in the future is still not optimistic, and the target of 10% annual growth rate is not difficult.