The Ministry of Finance, the National Development and Reform Commission, the Ministry of Commerce and other departments are studying to further strengthen export restrictions on resource products, and plan to reduce and cancel export tax rebates for some products.
According to reports, the types of export tax rebate reductions under study are still dominated by high-energy, high-pollution, resource-based “two high and one capital†products, especially focusing on “one capitalâ€, and it is likely It involves new types of products that have not been adjusted last year. At present, the research of various ministries has basically taken shape. When official documents can be formed, it is necessary to comprehensively consider the factors such as China’s export performance at the beginning of this year and balance the opinions of many ministries.
The adjustment of the export tax rate may involve rubber, non-ferrous metals, steel, construction materials, etc., and the specific products have yet to be finalized. According to sources, "the extent of the specific adjustment of the tax rate is still under discussion, but the overall reduction should not be too large, and the individual varieties in the categories of steel, building materials, new materials and additives will be reduced more."
Analysts said that China's cancellation of export tax rebates for some high-energy, high-pollution products will be long-term, reflecting the urgent need for energy-saving emission reduction and structural adjustment. Combined with the energy conservation and emission reduction during the entire “Eleventh Five-Year Plan†period, the pressure of excessive increase in energy consumption has already appeared, and further energy conservation and emission reduction must rely on industrial restructuring. By canceling the export tax rebate, it is possible to increase the cost pressure of the “two high and one capital†product manufacturing enterprises, promote enterprise transformation and technological progress, and thus drive the adjustment of the entire industrial structure.
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