| stantial reduction in export tax rebate rate of | | | | Dongguan, open forum, Hongkong and Taiwan |
| "earthquake" effect has not dissipated, the | | | | enterprises in one voice crying, said the cost |
| processing trade restrictions, "Thunder," come one | | | | increases, pressure accounting for funds, operational |
| after another. | | | | difficulties. These enterprises have hoped that |
| On the 23rd of this month about a new version of | | | | relevant departments in the implementation of |
| the national implementation process restricted | | | | related policy process, can provide more flexible |
| category, the PRD has aroused strong repercussions | | | | operation, minimize losses and the enterprise that if |
| related industries. Two days before yesterday, seven | | | | the measure is not perfect in matching the time of |
| ministries and commissions jointly organized by the | | | | the cancellation of "SMEs often," then there will be |
| national research team went nonstop. | | | | more companies unbearable. |
| Guangzhou, Dongguan and Shenzhen, the processing | | | | "Big reshuffle" will be staged. |
| trade enterprises with foreign investment to | | | | Guangzhou Municipality Director Luo Kunming |
| communicate and listen to feedback. | | | | processing trade that ultimately put the new |
| Yesterday morning, the Guangzhou municipal | | | | directory, and compared to the original rumors of the |
| government policy specifically hold special briefings for | | | | policy, there are many liberal areas, such as restricted |
| representatives of more than 400 processing trade | | | | items than the export tax rebate reduction of more |
| enterprises Interpretation of the New Deal. | | | | than 2000 categories to be less Guangdong proud |
| At the press interview, no matter experts or | | | | deep processing carry-over restriction, this also did |
| government officials, all said the new policy on | | | | not immediately halt "SMEs often", it is important that |
| processing trade industry, the impact of the Pearl | | | | this policy adjustment to the most up to a Year |
| River Delta is not small, the industries will lead to a | | | | transition period. |
| major reshuffle survival of the fittest, how the crisis | | | | This year, the state regulation of import and export |
| into the transformation and upgrading of power, | | | | trade, a portfolio of applied frequency, first published |
| enterprises are facing difficult choice and even life | | | | in April, "Catalogue Prohibited for Processing Trade", |
| and death. | | | | then notice "to strengthen management of |
| "New policy" extensive influence. | | | | processing trade", followed in mid-June announced a |
| July 23 this year, the Ministry of Commerce, General | | | | variety of products to reduce export tax rebate |
| Administration of Customs jointly issued the "Notice | | | | rate, and is now new 1853 restrictions on processing |
| No. 44", provides processing trade restricted catalog | | | | trade products, all aimed at the same goal??? |
| of 2247 10 Customs commodity code, 394 of which | | | | optimize the export structure, and low value-added, |
| have been issued for the goods before the year | | | | high energy consumption, high pollution, the excessive |
| 2007, 1853 for the new products, also provides for | | | | growth of exports and reduce trade friction to |
| the inclusion of restricted goods will implement the | | | | promote transformation and upgrading of processing |
| bank deposit account, "real change" management. | | | | trade. |
| The new policy will be Aug. 23, 2007 formally | | | | "For the weak or a crisis, with the transformation |
| implemented. | | | | and upgrading of the capacity of the enterprise is a |
| The 1853 New restrictions on products mainly of | | | | turning point for the strong, the winner is a historical |
| plastic raw materials and products, textile yarn, | | | | opportunity for development." Xiao Zhenyu pointed |
| fabrics, furniture and other labor-intensive industries, | | | | out sharply. |
| accounted for 15% of customs commodity code. | | | | Customs investigations showed that from January to |
| Under the new policy, business management | | | | June this year, Guangdong involve new version of |
| category by Customs to pay security deposit. A | | | | "list of restricted processing trade" in the actual |
| Class B Class and subject to a 50% margin business; | | | | import and export of processing trade enterprises |
| C class of business by all bonded imported materials | | | | recorded a total of 7647, accounting for the same |
| and import duties payable on imports and 100% of | | | | period the actual import and export records in |
| value added tax levied margin. | | | | Guangdong have the total number of processing |
| According to Guangzhou Customs investigation, from | | | | trade enterprises 23.9%. |
| the structure of export commodities of view, | | | | Among them, foreign-invested enterprises are the |
| affected the amount of Guangdong is the biggest | | | | most affected groups. Data show that from January |
| textile yarn, fabrics and products, affecting the | | | | to June this year, foreign-funded enterprises import |
| widest range of plastic products. Structure of | | | | and export of processing trade in Guangdong list of |
| imported goods from the point of view, the greatest | | | | restricted goods worth 73.5 billion U.S. dollars, |
| amount of Guangdong affected as steel, textile yarn | | | | accounting for the new directory by the impact of |
| and fabrics and products, primary plastics. | | | | the total value of goods 79.2%, accounting for the |
| "Shock wave" quite a lot. | | | | same period under the processing trade in |
| "Policy adjustment in the short term part of the | | | | Guangdong foreign-invested enterprises into 5.3% of |
| processing trade enterprises will have some negative | | | | total exports. |
| impact, especially in Guangzhou Textile shoes, hats, | | | | "Transitional period" should have strokes. |
| jewelry, leather, chemicals, feed, etc. have certain | | | | How the new policy while avoiding disadvantages? |
| impact on traditional industries." Guangzhou Foreign | | | | Guangzhou Municipality Director Luo Kunming |
| Trade Secretary Dr Xiao said that Guangzhou has | | | | processing trade enterprises to Return Weapon: First |
| more than 470 enterprises of processing trade policy | | | | 44 Notice to make full use of "transition." It is |
| adjustments by the impact of last year's estimated | | | | reported that, according to policy, August 23, has |
| import and export volume of processing trade in | | | | been approved and registered in the processing trade |
| Guangzhou, with 2.587 billion U.S. dollars (not including | | | | contract can still be valid according to the contract |
| the deep processing carry-over) included in the new | | | | (six months to 1 year) is finished, so that businesses |
| restricted category, accounting for Guangzhou | | | | can get up to one year transition period. |
| Processing exports worth as much, and the | | | | He suggested that had not yet engaged in |
| enterprises to increase the burden of 1.245 billion | | | | processing trade enterprises have the right to |
| yuan of bonds. | | | | operate the door as soon as possible to the MOFTEC |
| From Guangzhou Customs statistics show that during | | | | for the record, the relevant contracts should organize |
| the first half of this year, total imports and exports | | | | as soon as possible, as the exhaustion of one-year |
| of processing trade in Guangdong 179.22 billion U.S. | | | | "transition period." |
| dollars, up 16.6% over last year, accounting for the | | | | In addition, enterprises can take advantage of the |
| same period the total value of imports and exports | | | | favorable terms of Notice No. 44, such as deep |
| of Guangdong 62.7%, although the impact of | | | | processing carry-over model as far as possible in |
| Guangdong affected by the new directory import | | | | order to import materials or export goods between |
| and export value of processing trade accounted for | | | | the two small side to declare the amount of deposit |
| 5.2% of GDP, lower than the average impact of | | | | so as to reduce the margin of the burden. |
| China's level of 2.5 percentage points, but as the | | | | Enterprises should also accelerate the pace of |
| largest province of China's processing trade, the | | | | production logistics and reduce the stock of imported |
| introduction of restricted catalog of adjustment, will | | | | materials, the use of public-type and own bonded |
| be the processing trade in Guangdong long-term | | | | warehouses, on the margin of the burden of heavy |
| development and industrial restructuring have a major | | | | import duties on goods to make use of a large |
| impact. | | | | decrease in alternative commodities, for the State |
| Dongguan Foreign Investment Enterprises | | | | Export-Import Bank lending interest rate support, |
| Association, the official said, seven ministries and | | | | margin pressure will be lower. |
| research group called processing trade enterprises in | | | | |