On October 19th, the reporter learned from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products that the export tax rebate rate for a large number of mechanical products has been raised from the current 13% to 17%, which is conducive to reducing the cost of export products and provides favorable conditions for expanding exports. In the first two days, machinery and equipment traded 140 million U.S. dollars, an increase of 21.6%.
The Electrical and Mechanical Commerce Association stated that a large number of steel export tax rebate rate was reduced by 3 percentage points, and some non-ferrous metal export tax rebate rates were reduced by 8, 5 and 2 percentage points, respectively, which increased the export costs of these raw materials and it is possible to transfer some of these raw materials into In the domestic market, the promotion of competition in raw materials in the domestic market will reduce the prices of domestic raw materials. In particular, the export tax rebate rate for copper and copper products will be reduced from 13% to 5%, and exports will be affected. Lead-acid battery export tax rebate rate from the current 13% to 0%, and included in the list of banned export processing products, will have a significant impact on the development of the industry. It helps to encourage companies to seek a way out of environmental protection.
The Electrical and Mechanical Commerce Association stated that a large number of steel export tax rebate rate was reduced by 3 percentage points, and some non-ferrous metal export tax rebate rates were reduced by 8, 5 and 2 percentage points, respectively, which increased the export costs of these raw materials and it is possible to transfer some of these raw materials into In the domestic market, the promotion of competition in raw materials in the domestic market will reduce the prices of domestic raw materials. In particular, the export tax rebate rate for copper and copper products will be reduced from 13% to 5%, and exports will be affected. Lead-acid battery export tax rebate rate from the current 13% to 0%, and included in the list of banned export processing products, will have a significant impact on the development of the industry. It helps to encourage companies to seek a way out of environmental protection.
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