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

Center

Tax rebates removed, cut to curb exports

By Gong Zhengzheng (China Daily)
Updated: 2007-06-20 08:17
Large Medium Small

The government will eliminate or cut tax rebates for more than 2,800 export items from July 1 - in the boldest move yet to rein in exports since it joined the World Trade Organization in 2001.

The affected items account for 37 percent of all export products, the Ministry of Finance announced yesterday.

Export tax rebates for 553 "highly energy-consuming and resource-intensive" products, such as cement, fertilizer and non-ferrous metals, will be eliminated, the ministry said.

Rebates for another 2,268 products, described as "easy to trigger trade frictions", will be slashed from 8-17 percent to 5-11 percent. They include garments, toys, steel products and motorcycles.

Related readings:
Tax rebates removed, cut to curb exportsMore cuts in farm tariff 'not feasible'
Tax rebates removed, cut to curb exportsUS curbs on high-tech exports to hurt trade
Tax rebates removed, cut to curb exports
Adjusting export rebate policy under way
Tax rebates removed, cut to curb exportsChina great regret over US controls on hi-tech exports
Tax rebates removed, cut to curb exportsHigh-tech products nearly 30% of China's foreign trade
Tax rebates removed, cut to curb exportsChina becomes 2nd largest exporter of auto parts to US
Tax rebates removed, cut to curb exportsMove into high-value exports
Tax rebates removed, cut to curb exports
China may trim tax rebates for textiles, garments
Tax rebates removed, cut to curb exportsTax rebate cut to slow steel sector
Tax rebates removed, cut to curb exportsGrowth of China's textile industry slows
Yesterday's announcement follows the imposition or raising of exporttariffs on 142 categories of goods effective June 1. The products include steel billets and non-ferrous metal minerals.

Both steps are part of the policy package designed to control soaring exports and the bloated trade surplus.

From January to May, exports surged 27.8 percentyear-on-yearto $443.5 billion; and the trade surplus rocketed 83.1 percent to $85.7 billion, according to Customs statistics.

The huge surplus has aggravated such problems as trade conflicts with other countries and pressures on China to revalue therenminbi, as well as excessive liquidity at home, the ministry said.

Liu Xueqin, a researcher with the Chinese Academy of International Trade and Economic Cooperation affiliated to theMinistry of Commerce, said: "The new policy will restrain exports because it affects a broad range of products."

Domestic producers say they are already feeling the pressure from the export control measures.

"Our steel companies are at threat (of losing foreign markets). But we can understand the overall significance of the policy," Qi Xiangdong, deputy secretary general of the China Iron & Steel Association, told China Daily.

The association predicted earlier that, as a result of the export disincentives, the country - the world's top steel producer - would this year export no more or even less than last year.

Steel exports totaled 43 million tons in 2006, a growth of 110 percent over 2005.

The finance ministry said the new policy will also help slow down investment infixed assets and reduce over-capacity; and lead to sustainable development.

Many industrial sectors, such as steel, cement and motorcycles, are believed to have excessive production capacity in relation to domestic demand.

分享按鈕
主站蜘蛛池模板: 应城市| 沧源| 胶南市| 法库县| 营口市| 宜兴市| 来凤县| 伽师县| 定州市| 邳州市| 天柱县| 万宁市| 谷城县| 睢宁县| 精河县| 阿坝| 澄迈县| 徐闻县| 桂阳县| 油尖旺区| 景德镇市| 祁东县| 黔西| 宜春市| 卢龙县| 衡山县| 林西县| 聂拉木县| 九龙城区| 乐清市| 陆川县| 洛南县| 武山县| 河北省| 和林格尔县| 天峨县| 电白县| 漳浦县| 福州市| 克什克腾旗| 雅安市|