The export tax rebate policy adjustment will present "descending"

According to the Shanghai Securities News reports of the Ministry of finance and State administration of taxation 22 jointly issued notice from 15 July to cancel steel products for tariff, item 406 of export tax rebates.

In the foreign trade faces many uncertainties in the background, the intensity of the unprecedented control measures WINS energy-consuming, high pollution, resource products ("two gaoyizi" product), more highlight our decision-making to accelerate industrial restructuring, pressing the "eleventh five-year" energy-saving emission reduction goals on schedule.

Analysts believe that the export growth rate may have reached a high point of the year, future exports will begin to truly enter the "descending" track.

China Federation of logistics and purchasing Vice Chairman Tsai Chin 23, interview, stated that, as the leading indicators of foreign trade, 5 month of PMI export orders index has started to slow down significantly. In General, export orders index has a 2-month lag period, this means that, from June, July, export growth will begin to decline.

Although introduced restrictions "two gaoyizi" product of the export tax rebate policy already have clues, but export tax rebates are still being made, "" speed to market is undoubtedly a major accident. Analysts noted that recent policy adjustment, the more the Government major sacrifices some economic growth to ensure deeper structural adjustment.

"5-48 per cent of the export growth rate is too high. "CAI into that too high export growth has actually changed the way of development in China, the original intention of the economic structural adjustment. The current slowdown in the growth rate should be appropriate, more focused on the transformation of the way.

Department of Commerce press spokesman Yao kin also told reporters that although the adjustment of the export tax rebate policy of main head support energy conservation and emission reduction, but too often export policy adjustment, it will be on the foreign trade enterprises have a negative impact.

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