The adjustment effect of the hottest export tax re

The adjustment effect of the export tax rebate policy is obvious

According to customs statistics, in the first half of last year, the growth rate of China's policy adjusted commodity exports was 4.5 percentage points higher than the overall growth rate of foreign trade exports in the same period. However, with the implementation of the export tax rebate policy in the second half of last year, the growth rate of policy adjusted commodity exports gradually fell. In the first half of this year, it was 11.3 percentage points lower than the overall growth rate of foreign trade exports in the same period, and the growth gap was significantly widened, It shows that the effect of the policy is obvious

 among them, at the end of last year, policies such as the abolition of export tax rebates, the imposition of provisional tariffs, and the implementation of export quota management were successively introduced for the export of raw grain and its flour. Affected by these policies, the export of raw grain and its flour in China was 1.892 million tons in the first half of the year, valued at $790 million, a year-on-year decrease of 68.9% and 38.5% respectively

"in addition, affected by the policy, the growth rate of general trade exports has slowed down significantly, and the export goods of export processing trade and foreign contracted projects have doubled. The former achieved an export volume of 134.8 billion US dollars in the first half of the year, an increase of 5.8%, and the growth rate slowed down by 32.7 percentage points; The latter achieved US $67.25 billion in commodities, an increase of 12.4%, and the growth rate slowed down by 7.4 percentage points. General trade is significantly more affected than processing trade

"structural optimization needs other measures

" the data also shows that the effect of policy adjustment on different products is not consistent. Among them, the export of traditional bulk commodities such as clothing, toys and plastic products is in a relatively sluggish state under the influence of comprehensive factors such as the reduction of export tax rebates, the continuous rise of production costs such as raw materials and labor, and the accelerated pace of RMB appreciation

 for example, in the first half of 2008, the exports of clothing, clothing accessories and toys were US $49.96 billion and US $3.32 billion, an increase of 3.4% and 1.7% respectively, down 18.3 and 22.7 percentage points respectively from the same period last year; The export of plastic products was 7.01 billion US dollars, down 1.4%, with an increase of 12.5% in the same period last year; Footwear exports reached 13.46 billion US dollars, an increase of 12.5%, and the growth rate fell by 4.7 percentage points

"in the same period, the implementation effect of the policy of 'two high and one capital' products such as aluminum and steel products also continued to show. It is understood that the monthly export volume of high energy consuming products has gradually dropped since the peak in June 2007. As of the first half of the year, China has exported 53.13 million tons of high energy consuming products (including steel, ferroalloy, billet, pig iron, aluminum, copper, cement, fertilizer and other eight major export varieties), a decrease of 17.1% over the same period of the previous year

 however, driven by factors such as relative excess domestic production capacity and sustained high international market prices, exports of ferroalloys, aluminum and aluminum, copper and copper products still showed a growth trend, increasing by 8.5%, 9.9% and 23.3% respectively. This shows that the effect of export policy adjustment on the export of ferroalloy, unwrought aluminum and aluminum, copper and copper products is not obvious