Export Rebates on Grain Finished

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.……

Reduction of Export Rebates Hurts Textile Industry

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-

Manufacturer Rebates in a Green Supply Chain with Hybrid Production

This paper studies two manufacturer rebate strategies in a green supply chain.The results show that:1)Irrespective of the type of rebate strategy used,channel members benefit;2)Rebates for green products improve the green level of green products;3)The more significant the slippage effects are,the more beneficial the rebate strategies are,for channel members.On this basis,the model is expanded to consider asymmetric potential market demands and asymmetric product substitution rates,respectively.The results show that the product substitution rate does not affect the strategic preference of channel members,but the potential market demand does.

Applying for Export Tax Rebates In China

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,

Policy Change for Export Rebates Troubles Chemical Sectors

The Ministry of Finance, the NationalBureau of Taxation and the NationalDevelopment and Reform Commis-sion recently jointly issued the"Cir-cular concerning the Downward Re-adjustment of Export Rebate Ratesfor Partial Commodities,"stipulatingthat export rebate rates for 2 831 com-modities will be reduced from July1st, 2007. Chemical products are

Chlor-alkali sector:seeking sounder development without the backing of export rebates

PVC(polyvinyl chloride)andcaustic soda, the most im-portant exports in the chlor-alkali sector are both greatlyaffected by the new policy.The export rebate rate forPVC is reduced from 11% to5% and the rate for causticsoda is reduced from 13% to0%.PVC in China has under-

China Increases Export Rebates for Textiles and Clothes

The Ministry of Finance and the State Taxation Administration jointly issued a notice,stating that China increases the export rebate rate from 11% to 13% for partial

China Raises Export Rebates on Partial Chemicals and Textiles

China raises export rebates on some chemicals, textiles, steel products, andTV related, effective April 1 st, 2009, to offset the appreciated RMB andspur the domestic economy following the country’s stimulus packages forthe ten industries.

日汉语吸收外来词的不同方式

从某种意义来说,不断吸收外来新词是语言的丰富和发展的重要途径.日语和汉语当然不能例外.但是,日汉语吸收外来新词的方式不尽相同,而且彼此都有值得借鉴之处.

Random Timestepping Algorithm with Exponential Distribution for Pricing Various Structures of One-Sided Barrier Options

The exponentially-distributed random timestepping algorithm with boundary test is implemented to evaluate the prices of some variety of single one-sided barrier option contracts within the framework of Black-Scholes model, giving efficient estimation of their hitting times. It is numerically shown that this algorithm, as for the Brownian bridge technique, can improve the rate of weak convergence from order one-half for the standard Monte Carlo to order 1. The exponential timestepping algorithm, however, displays better results, for a given amount of CPU time, than the Brownian bridge technique as the step size becomes larger or the volatility grows up. This is due to the features of the exponential distribution which is more strongly peaked near the origin and has a higher kurtosis compared to the normal distribution, giving more stability of the exponential timestepping algorithm at large time steps and high levels of volatility.

POLICIES

China expands export tax rebate to more ports China will expand its export tax rebate pilot program to eight more ports at the beginning of September to boost exports amid an economic slowdown.The new tax rebate policy will be applied to exported container goods with customs clearance at water ports in the cities of Nanjing,Suzhou,Lianyungang,Wuhu,Jiujiang,Qingdao,Wuhan and Yueyang,according to a joint

Scrap Steel or Iron Ore?——China's option for steel ingredients hinges on environmental protection

China’s scrap steel consump-tion has gradually trendeddown in steel production inrecent years,due to manyfactors such as the limited scrap steeloutput,its relatively higher cost andthe lingering low steel price.Thus,thedomestic iron and steel enterprises

Export Rebate Up-tuned to 13%

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

Trade Surplus Drops,more Rebate Cutting?

Almost everyone was surprised when the China Customs released the latest export and import statistics on April, 10th:6.87 billion US dollars,China’s favorable balance of trade in March.But only one month earlier,the trade

RE Export Rebate Cancelled Exerting An Influence on RE Industry

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).

Uncertainty of the Export VAT Rebate Policy:Measurement and Its Effects

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.

Critical peak rebate strategy and application to demand response

Time-of-use (TOU) pricing strategy is an important component of demand-side management (DSM), but the cost of supplying power during critical peak periods remains high under TOU prices. This affects power system reliability. In addition, TOU prices are usually applicable to medium- and long-term load control but cannot effectively regulate short-term loads. Therefore, this paper proposes an optimization method for TOU pricing and changes the electricity consumption patterns during the critical peak periods through a critical peak rebate (CPR). This reduces generation costs and improves power system reliability. An optimization model for peak-flat-valley (PFV) period partition is established based on fuzzy clustering and an enumeration iterative technique. A TOU pricing optimization model including grid-side and customer-side benefits is then proposed, and a simulated annealing particle swarm optimization (SAPSO) algorithm is used to solve the problem. Finally, a CPR decision model is developed to further reduce critical peak loads. The effectiveness of the proposed model and algorithm is illustrated through different case studies of the Roy Billinton Test System (RBTS).

Analysis of China’s Foreign Trade Growth and Discussion of Related Policies

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.

Tax Rebate Winners and Losers

COVER STORY China, long hailed as the cheap manufacturing capital of the world, is putting financial pressure on parts of this very industry. Tax rebates favorable to textile, iron and steel industries, for example, are being cast aside and picked up by hi-tech and medical industries. While this may be a partial remedy to alleviate China’s colossal trade surplus-which irritates international neighbors-and clean up the environment, many small manufacturers are feeling the heat. Industries with high added-value are clearly winners of the new trade policies, and agriculture is too, as the government continues its efforts to boost the rural economy. But in the long run, if textile and other low-tech manufacturing can use the current rebate policy as a stimulus to add more value to their products, even they might look back and see the new trade era as more win-win than they originally thought.

Secondary Lead Enterprise “Lived A Painful Life”

"Living a painful life."Such is the description given by Wang Hongmei,researcher of the Chinese Research Academy of Environmental Sciences,to the current secondary lead enterprises.Problems like chaotic waste lead acid battery recycling channels,and proliferating illegal smelting despite banning efforts have troubled the secondary lead industry for a long time.In the second half of2015,due to VAT policy adjustment,tax