According to Mr Su Ming, deputy director of research at the Institute for Fiscal Science at the Ministry of Finance, China’s export rebates of some steel products have reached 13%. It is likely to be enhanced in the future.
Referring to the relative fiscal policy, Mr Su figured that the government will further push the reformation of tax rate and mining right.
As far as he concerned, the nation should turn to support all those guarantee enterprises through investment subsidies, finance discounts and so on regardless of their ownership.
Mr Luo Bingsheng, vice chairman of China Iron and Steel Association, suggested that the relative departments take measures to improve China’s export environment as well as putting flexible export tax policies in practice in order to stabilize the international market share of Chinese steel products. Mr Luo said that plans were in hand to further regularise import & export trade orders and strengthen both import and anti-dumping inspections. The department has already started discussions on how to adjust export rebate policy.
In order to sustain the domestic steel price and the price competitiveness, the Chinese government should take more measures despite existing adjustments.
Source: Steel Guru
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