According to the State Statistics Bureau, China's consumer price index (CPI) jumped by 6.9 percent year-on-year last November, approaching the high levels seen at the end of 1996, one of the largest areas of i... According to the State Statistics Bureau, China's consumer price index (CPI) jumped by 6.9 percent year-on-year last November, approaching the high levels seen at the end of 1996, one of the largest areas of increase was the price of grain,which rose by 6.6 percent. There is no doubt the growth in CPI can be mainly attributed to soaring food prices and the diffusion effect of oil price adjustments. Large orders for grain exports have put Chinese grain suppliers under tremendous pressure. In order to solve this problem, the Finance Ministry and State Administration of Taxation together announced that 84 categories of export tax rebates on major types of grain will be eliminated.……展开更多
Instead of on July 1st as many forecast experts had anticipated, the new policy for export VAT’s rebate rate for textile and apparel to change from 11% to 13% went immediately into force on August 1
Chinese textile industry has suffered pains like safeguards and Yuan’s appreciation since last year. Now it may have to face another one: the cuts of export rebates. The State Administration of Taxation, the Finance ...Chinese textile industry has suffered pains like safeguards and Yuan’s appreciation since last year. Now it may have to face another one: the cuts of export rebates. The State Administration of Taxation, the Finance Ministry, the Ministry of Commerce, and the Na-展开更多
On 29 April 2005, Ministry of Finance P.R.C. and State dministration of Taxation issued "Export Rebate Rate djustment of Partial Products". Export rebate of three types f rare earth products was cancelled (T...On 29 April 2005, Ministry of Finance P.R.C. and State dministration of Taxation issued "Export Rebate Rate djustment of Partial Products". Export rebate of three types f rare earth products was cancelled (Table 1).展开更多
Based on the export VAT rebate rate data from 2004 to 2015,this paper measures the uncertainty of Chinese export VAT rebate policy by using unexpected fluctuation of export VAT rebate rate,and finds that the index var...Based on the export VAT rebate rate data from 2004 to 2015,this paper measures the uncertainty of Chinese export VAT rebate policy by using unexpected fluctuation of export VAT rebate rate,and finds that the index varies across products,years and industries.Then,the paper studies the influence of the uncertainty of export VAT rebate policy on China’s export growth from both theoretical and empirical perspectives.The research results show that this uncertainty reduces the expected profit of export enterprises and their optimal output,and significantly reduces the growth rate of the ordinary export that applies the export VAT rebate method,but it has no impact on the processing export.By decomposing total value of exports,it is found that the growth in the number of ordinary export relationship and average sales decrease with the increase of uncertainty,while the average price growth rate increases slightly,and these effects are only refl ected in the newly entered export relations.The findings suggest that when the uncertainty of export VAT rebate policy is high,enterprises are more cautious about entering the ordinary export market and more likely to adopt a lowquantity-high-price strategy.展开更多
As the world financial crisis has taken hold, China’s Central Government moved to increase the value-added tax (VAT) refund rates on several industries in an effort to boost production. For example, China has increas...As the world financial crisis has taken hold, China’s Central Government moved to increase the value-added tax (VAT) refund rates on several industries in an effort to boost production. For example, China has increased the tax rebate on textiles at least four times over the past six months,展开更多
China’sforeign trade experienced threeconsecutive years of super-speed growth in 2002- 2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What hasgone beyond expectat...China’sforeign trade experienced threeconsecutive years of super-speed growth in 2002- 2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What hasgone beyond expectations is that the exports trade still grew with momentum after the central governmentlowered theexportrebate ratesbyan average of3 percentagepoints, starting from January2004. Such growth momentum isapparently associated with external demand and the performance ofthedomestic macroeconomy, and even more associated with a seriesof support policies. Thispaper tries to raise issuesissues associated with these policies on the basis of an analysis of foreign trade performance in 2002-2004, in order to enhance understanding of the advantages and disadvantages of these policies, and to recommend a new line ofthoughtfor improving policy arrangements for the growth of import and export trade and for the harmonious development of the macroeconomy.展开更多
文摘 According to the State Statistics Bureau, China's consumer price index (CPI) jumped by 6.9 percent year-on-year last November, approaching the high levels seen at the end of 1996, one of the largest areas of increase was the price of grain,which rose by 6.6 percent. There is no doubt the growth in CPI can be mainly attributed to soaring food prices and the diffusion effect of oil price adjustments. Large orders for grain exports have put Chinese grain suppliers under tremendous pressure. In order to solve this problem, the Finance Ministry and State Administration of Taxation together announced that 84 categories of export tax rebates on major types of grain will be eliminated.……
文摘Instead of on July 1st as many forecast experts had anticipated, the new policy for export VAT’s rebate rate for textile and apparel to change from 11% to 13% went immediately into force on August 1
文摘Chinese textile industry has suffered pains like safeguards and Yuan’s appreciation since last year. Now it may have to face another one: the cuts of export rebates. The State Administration of Taxation, the Finance Ministry, the Ministry of Commerce, and the Na-
文摘On 29 April 2005, Ministry of Finance P.R.C. and State dministration of Taxation issued "Export Rebate Rate djustment of Partial Products". Export rebate of three types f rare earth products was cancelled (Table 1).
基金Youth Project of the Natural Science Foundation of Hainan Province(723 QN 218)National Natural Science Foundation of China(72103024)the National Social Science Fund of China(22VRC172).
文摘Based on the export VAT rebate rate data from 2004 to 2015,this paper measures the uncertainty of Chinese export VAT rebate policy by using unexpected fluctuation of export VAT rebate rate,and finds that the index varies across products,years and industries.Then,the paper studies the influence of the uncertainty of export VAT rebate policy on China’s export growth from both theoretical and empirical perspectives.The research results show that this uncertainty reduces the expected profit of export enterprises and their optimal output,and significantly reduces the growth rate of the ordinary export that applies the export VAT rebate method,but it has no impact on the processing export.By decomposing total value of exports,it is found that the growth in the number of ordinary export relationship and average sales decrease with the increase of uncertainty,while the average price growth rate increases slightly,and these effects are only refl ected in the newly entered export relations.The findings suggest that when the uncertainty of export VAT rebate policy is high,enterprises are more cautious about entering the ordinary export market and more likely to adopt a lowquantity-high-price strategy.
文摘As the world financial crisis has taken hold, China’s Central Government moved to increase the value-added tax (VAT) refund rates on several industries in an effort to boost production. For example, China has increased the tax rebate on textiles at least four times over the past six months,
文摘China’sforeign trade experienced threeconsecutive years of super-speed growth in 2002- 2004, even though the country was stricken by the SARS epidemic in 2003 and power shortages in 2004. What hasgone beyond expectations is that the exports trade still grew with momentum after the central governmentlowered theexportrebate ratesbyan average of3 percentagepoints, starting from January2004. Such growth momentum isapparently associated with external demand and the performance ofthedomestic macroeconomy, and even more associated with a seriesof support policies. Thispaper tries to raise issuesissues associated with these policies on the basis of an analysis of foreign trade performance in 2002-2004, in order to enhance understanding of the advantages and disadvantages of these policies, and to recommend a new line ofthoughtfor improving policy arrangements for the growth of import and export trade and for the harmonious development of the macroeconomy.
