More and more people are worried about China's economic trend next year. According to current forecasts from major institutions, China's gross domestic product (GDP) may be below 9% in 2012. A report from the School of Economics of Renmin University of China believes that there is no need to worry too much about the decline of the Chinese economy. "The Chinese economy has not appeared in the channel of cooling, and the probability of a cliff-type decline is minimal." On November 19, Liu Yuanchun, vice president of the School of Economics, gave his conclusion. At present, the forecast of economic growth in 2011 is about 9.2%-9.4%. But there is mixed view on the extent of the economic slowdown next year. Many institutions predict that China's economic growth rate next year may be only about 8.5%. Renmin University is optimistic that it can reach 9.2%, which is questioned. A person from the National Development and Reform Commission's Macro Hospital believes that what needs to be determined now is how big the economic growth rate will fall next year, and whether this fall is short-term or long-term, and needs to be clarified. However, the controversy is controversial, and it seems that consensus has been reached on the implementation of a comprehensive tax reduction policy next year. Zhang Xiangchen, director of the research department of the Ministry of Commerce, said at the recent 2011 China SME Quality Brand Conference that the survey shows that the current cost increase and tax burden are heavier, which has become the most important issue for enterprises. Next year, relevant departments, especially the tax department. More action is needed in these areas. The Renmin University report believes that next year, we should introduce a proactive fiscal policy with tax reduction and increased expenditure as the main body, and find a matching point between “adjusting structure†and “stable growth†through active financial implementation. Next year, the economy continues to slow down. According to the predictions of many institutions, China's economic growth rate will fall next year compared with this year. This is because the contribution of external demand to the economy has declined, and the contribution of domestic demand to the economy is difficult to make up quickly. Wang Yiming, deputy director of the National Development and Reform Commission's macro court, believes that the general economy will not have much problems in terms of economics next year, but to increase risk awareness, the biggest uncertainty is the change of the external environment, especially the European debt crisis. Evolution, this is crucial. "So the fundamentals of the current policy cannot be moved. We must stabilize the policy and make appropriate fine-tuning." The International Monetary Fund believed that the growth rate of world trade in 2011 will fall from 12.8% in 2010 to 7.5%, and in 2012. It will further decline to 5.8%. Although the magnitude of the decline is slowing, this is still a serious economic impact on China's export-oriented economy. As of the first three quarters of this year, China's economic growth rate was 9.4%, but the contribution of net exports to the economy was minus 0.1 percentage points. Exports of external demand are difficult, in addition to being associated with fewer orders, there are other reasons. According to the enterprise survey report released by the Development Research Center of the State Council on November 19, the current “discontinued†and “semi-discontinued†enterprises accounted for 17.6%, an increase of 6.4 percentage points over 2010; from different scales, small enterprises “discontinued†or “ The proportion of semi-discontinued production is 20.9%, which is significantly higher than that of large enterprises and medium-sized enterprises. Zhang Xiangchen said that a survey of 1,166 companies shows that the biggest difficulties for Chinese companies at present are mainly the increase in labor costs, the rise in the prices of resource materials, and the excessive social insurance and tax burdens, and low profits, accounting for 80% of the surveyed companies, respectively. 60%, 48.8%, 40%. Coupled with financing difficulties, SME exports are more difficult. In the domestic circulation field, it is because of the heavy burden of tax burden, business operations are difficult, and it is difficult to bear the responsibility of lowering prices. The reason is that more than 90% of the domestic commodity circulation industry is a private enterprise. "Because the company is too small to undertake the major macro-control tasks of the country, it cannot afford it. That is to say, the country has to adjust to solve this problem and cannot find a suitable target. He said at the recent 2011 China SME Quality Brand Conference. The report recommends a comprehensive tax cut. For this reason, Zhang Xiangchen, director of the research department of the Ministry of Commerce, suggested that the state taxation and other relevant departments should study more tax cuts and measures to support enterprise development as soon as possible. Liu Yuanchun believes that the next step is to introduce a proactive fiscal policy with tax cuts and increased expenditures as the mainstay. Considering that the fiscal revenue in 2011 will exceed 1 trillion yuan, the policy of expanding fiscal expenditure will be met in 2012. To this end, "in the favorable environment of high social tax reduction calls, the tax reduction project should be launched." A 'China tax and tax adjustment plan' can be introduced to help companies form reasonable expectations and form rigid constraints for future tax reforms. According to Renmin University estimates, if only one tax rate is reduced, the consumption tax rate will fall by 2.44 percentage points. Personal income tax fell by 1.89 percentage points and corporate income tax rate fell by 2.66 percentage points, which could increase China's economic growth rate by 0.5 percentage points. Liu Fengliang, vice president of the School of Economics of Renmin University, pointed out that if you want to reduce corporate income tax in the short run, you can quickly promote it. Economic growth, but to promote economic growth for a longer period of time, it is best to reduce personal income tax. The above tax reduction has little effect on government debt. For example, consumption tax, personal income tax, corporate income tax, and individual tax rate are reduced by 2.44, respectively. 1.89, 2.66 percentage points, politics The debt-to-GDP ratio increased by only 1.15%, 0.77%, and 1.48%, respectively, while the tax-to-GDP ratio only fell by about 15%. "The negative impact of lowering the tax rate is only short-term. In the long run, after the corporate tax burden declines, The business benefits of many enterprises have improved, the total economic volume has increased, and the total tax revenue will increase. Liu Fengliang said. Gao Peiyong, director of the Institute of Finance and Trade of the Chinese Academy of Social Sciences, suggested that a comprehensive tax cut should be implemented in 2012, which is different from the structural tax cuts implemented in the late 1990s with increased and reduced tax structure optimization. Comprehensive tax cuts can be promoted in three aspects. One is to expand the scope of taxation of value-added tax and reduce double taxation. The second is to levy value-added tax on service industry and transportation industry that levy business tax, which reduces the tax burden. On the other hand, the new tax rate of 11% and 6% is lower in some industries, which can optimize the entire tax system. Since this year’s fiscal revenue has increased by 2 trillion yuan, Based on such policy clues, I think it is possible to plan expansionary measures at the level of government expenditures. Gao Peiyong believes that this can be understood as a fine-tuning and pre-adjustment of 2012 macroeconomic policies.
Ferrite Magnet,Arc Magnet,U Shape Magnet
SDM Magnetics Co., Ltd. , http://www.lg-magnets.com