3 iron and steel machinery and petrochemical industry associations raised the ex
August 28, issued by the Ministry of Industry and Information reported that industrial operation in July, has been steel, machinery, petrochemical industry associations raise again some of the proposed export tax rebate rate in order to change the export downturn in some industries.
The proposal is to run the monitoring of the Coordinating Bureau of the Ministry of specialized organizations to convene forum on industrial situation analysis made, there were more than 10 departments or industry associations who attended the forum.
These departments and associations to judge the current industrial production gradually improved, the sales income, profit status to further improve the state policy effects appear to stimulate the economy, but the lack of external demand is still constrained industrial economy an important factor in a smooth recovery.
To this end, Iron and Steel Association proposals to further increase the value added products on the export tax rebate rate.
Machinery Industry Federation is recommended to further increase the export of support bearings, the export tax rebate rate of return to 17%.
Petrochemical Industry Association of recommendations to improve chemical products (inorganic, paint, etc.) the export tax rebate rate, lower production costs, enhance international competitiveness. Meanwhile, the domestic fertilizer products for the serious over-supply situation, propose to abolish tariffs on fertilizer exports of seasonal differences, the implementation of zero tariff.
Iron and Steel Association last year proposed to increase the export tax rebate rate on many occasions, and in May this year proposed to increase the export tax rebate rate in one step. At that time, like steel, cold rolled steel export tax rebate rate of 13%. However, 17% of the total return from the existence of a certain distance. The hot rolled steel products is still not implemented most of the export tax rebate. For long products, not only did not export tax rebates, and was even imposed export tariffs on 15%.
Subsequently, from June 1 onwards the Ministry of Finance raised the railway timber, part of the alloy wire rod, plate, hot rolled coils (except stainless steel), all narrow steel (including hot-rolled, cold rolled and coated) and other export tax rebates rate of 4-9 percentage points. But some high value-added sheet products export tax rebate rate, still with the export tax rebate rate of 17% of the maximum distance exists.
China Steel Industry Association, Qi Xiangdong, Deputy Secretary-General told reporters that some of the prices of steel products decreased greatly, which led some companies have cut production, coupled with the exchange rate factor, the export of steel export situation is still grim.
"Improve the image plate, stainless steel, pipe high value-added export tax rebate rate of steel, iron and steel industry is conducive to healthy development." He said.
Data show that in July, average daily production of 1.635 million tons of crude steel, down 0.8% compared with June. July steel exports 1.81 million tons, equivalent to 74.9% of crude steel fell, down 1-6 in the aggregate than the 67.6% year on year rate of decline has been expanded. Meanwhile, the recent steel prices fell significantly. August 20, rebar spot price from August 5 the highest point of 4,658 yuan this year / ton down to 3,943 yuan / ton, down 715 yuan; hot rolled plate from the 4332 yuan / ton fell to 3,773 yuan / ton, down 559 element.
Similarly, China's petrochemical industry exports are worsening the situation.
July, petrochemical industry-wide export delivery value 30.17 billion yuan, the chain fell 2.1%, down 22.3%, a decline still more. 1 July, the accumulated total export delivery value of the whole industry fell 23.5%, export delivery value of the chemical industry fell 23.3%. Among them, chemical fertilizers decreased by 28.9%, down 38.6% pesticide, paint and pigment industry fell 41.2%. On the other hand, organic materials and other products abroad, relying on its price advantage, and constantly squeeze the domestic market, resulting in decreased production of related domestic industries, this trend will continue.
Sinopec Association, Zhao, deputy director of the Statistics Department told reporters that the proposed increase in the inorganic chemicals, paint the export rebate rate, because the product in the past does not export tax rebates, and other products that 9-11% of the export rebate rate is not the same industry needs support.
Similarly, the machinery industry is no exception. Although the focus of monitoring in July more than 80 kinds of machinery products accounted for two thirds of the growth rate accelerated than the first quarter, but in July, machinery exports were down 19% and 6.2%, down 0.2 percentage point expansion.
For Machinery Industry Federation for bearings export tax rebate rate will revert to the previous 17 percent, CITIC Securities (600,030) machinery industry analyst Guo Yaling was necessary, "in the first half of the export industries of some enterprises in the 40-50% decrease improve the bearing of the export tax rebate rate, should help restore confidence in the business, but the overall effect will not be much. "
This reporter learned that the Society is to improve the current export tax rebate rate for some products the expectations of relatively large, some people think if you can achieve the full (17%) of the tax rate was good.
Recently the Department of Industry and Information Technology will study these proposals will be submitted to the State Department.
In the August 26 Summer industrial economic operation report of the meeting, Chief Engineer, Ministry of Industry and Information Technology, said Zhu Hong, the current industry consolidation is still the basis for economic recovery, particularly lack of external demand is still important to restrict China's economic development reasons. "It should be better co-ordinate domestic and foreign markets and to expand domestic demand and stable external demand combined, continue to open up, to encourage enterprises to international management.", He said.
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