男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Top Biz News

Gov't plans export tax rebate slash

(China Daily)
Updated: 2006-07-24 08:32
Large Medium Small

China will reduce tax rebates on exports of resource-intensive and environmentally-harmful products, officials say.

An as-yet unreleased policy is scheduled to take effect around September or October, despite strong protests from domestic companies and traders, according to Caijing magazine.

The move reflects the government's drive to shift the nation away from low-value-added exports.

"The government wants to see a trade balance. We're not deliberately seeking rising surpluses," said Ministry of Commerce spokesman Chong Quan.

Introduced in 1985, tax rebates for exports have made Chinese products more competitive on the international market.

But it is now expected rebates will be cut by an average of two per cent for products such as textiles, iron and steel. Only high-tech industries will avoid the cuts? their rebate is being increased.

"Export rebates for high energy-consuming, polluting and resource-intensive products should be stopped," said Fu Ziying, assistant to the Minister of Commerce.

Booming exports have contributed significantly to the Chinese economic miracle.

In recent years, the cart of the Chinese economy has been hauled by the two "strong horses" of investment and foreign trade, while the "weak donkey" of domestic consumption totters in the middle.

To sustain the steady development of the national economy, policymakers aim to spur domestic consumption by increasing consumer purchasing power.

The strategy could help rein in over-investment, ease pressure on the renminbi and dissuade foreign anti-dumping lawsuits which result from the mammoth trade surplus, industry officials say.

In the five years since China's accession to the WTO, the country's foreign trade has grown at an average annual rate of more than 30 per cent.

In the first six months of 2006 foreign trade reached US$795.7 billion, up 23.4 per cent year on year. China chalked up a trade surplus of US$61.5 billion in the first half of this year, up 54.9 per cent year on year, according to statistics from the General Administration of Customs.

On this basis, China's trade surplus is set to exceed US$100 billion this year, industry officials say.

In the first half of this year, foreign-invested, export-oriented processing firms generated total foreign trade of US$465.3 billion, up 25.8 per cent on the same period last year, and accounting for 58.5 per cent of China's total.

主站蜘蛛池模板: 德庆县| 海口市| 宣武区| 永泰县| 定南县| 永济市| 苍山县| 扶绥县| 岢岚县| 平潭县| 麟游县| 神农架林区| 鄂托克旗| 洮南市| 吉林市| 荆门市| 云南省| 云龙县| 六枝特区| 宜昌市| 确山县| 郑州市| 湖口县| 缙云县| 明水县| 新乐市| 阜康市| 南靖县| 麻江县| 孟津县| 宁波市| 衡山县| 河南省| 泸州市| 龙陵县| 临沭县| 西乡县| 衡东县| 商洛市| 中牟县| 武鸣县|