Export tax up regulation will accelerate the motorcycle industry developing heal

[2008-12-23 17:07:39]

Export tax up regulation will accelerate the motorcycle industry developing healthy.

Chinamotorcycle , 2008-12-1 10:50:32
Premier Wen Jiabao hosted a State Council executive meeting on November 12. The meeting decided that since December 1, 2008, further increased the export rebate rate of some labor-intensive products, machinery and electronic products and other products which were influenced greater. Ministry of Finance and Administration of Taxation issued a circular which clearly denoted the specific directory and taxation of the third time raising the export tax rebate rate. Among which, the tax rebate rates of motorcycles and other machinery and electronic products were up from 9% to 11%; the tax rebate rates of tires, and other rubber products were up from 5% to 9%.   The timely increase of export tax rebates will help motorcycle industry to enhance confidence, and promote industry healthy developing. From Dec. 1, China will up the motorcycle export rebate tax from 9% to 11%, and motorcycle enterprises will add more than 0.5 billion RMB benefits.   Chinese Chamber of Commerce of Import and Export of machinery and electronic products showed that in 2007, the top five countries of China motorcycle exports are Nigeria, Argentina, the United States, Ukraine, and Germany. And in 2007, the output of motorcycles to the top 30 countries such as the United States, Germany, France, Italy, Poland, Spain, and Australia and so on has become negative growth. Africa, Latin America, Asia and Russia, and Ukraine still have great market potential, and can be actively explored.   Facing the pressure from overseas markets, motorcycle backbone enterprises should pay more attention to the domestic market. Influenced by China rural policy, it can be expected that the income of farmers will continue to grow, so the rural market for motorcycles will be further expanded; and that China and local government stimulate domestic demand, will promote the domestic motorcycle market further.   In addition, in the challenges of meeting the market declining, motorcycle backbone enterprises should strengthen management to reduce costs, speed up the technical transformation and the pace of technological innovation, enhance the capability of independent innovation and levels, and improve the technological content of products.
Print story Mail to a Friend
Source: 中国摩托车网
Related Articles: