Related News
Government planning moves to help exporters
CHINA is considering new tax and fiscal policies to support its struggling exporters, Deputy Commerce Minister Jiang Yaoping said yesterday.
The central government is also planning to improve trade financing for smaller exporters and boost the upgrading of export processing companies, Jiang told a media briefing in Beijing.
"Government support efforts have already taken effect" in helping trade, Jiang said. "The stimulus measures have created opportunities for Chinese exporters."
China's exports in February slumped 25.7 percent year on year, the steepest monthly decline in more than a decade, as global demand continued to deteriorate.
On March 27, China raised export tax rebates on items including garments, steel and petrochemical products. The rise was the sixth such move since August as the government stepped up efforts to tackle plummeting exports.
Jiang didn't give details but said that the country's exports would continue to face severe challenges because the global economy had yet to bottom out.
Although the government will offer more support to the exports sector, "We hope exporters can beef up products and technology innovation themselves to counter the financial crisis," Jiang said.
In November, China launched a 4-trillion-yuan (US$588 billion) stimulus package to boost investment and shore up domestic demand as the country aimed at achieving an economic growth of 8 percent this year.
The central government is likely to unveil a new package if economic figures for the second quarter are below expectations, Jia Kang, head of the Institute of Fiscal Science at the Ministry of Finance, said late last month.
The central government is also planning to improve trade financing for smaller exporters and boost the upgrading of export processing companies, Jiang told a media briefing in Beijing.
"Government support efforts have already taken effect" in helping trade, Jiang said. "The stimulus measures have created opportunities for Chinese exporters."
China's exports in February slumped 25.7 percent year on year, the steepest monthly decline in more than a decade, as global demand continued to deteriorate.
On March 27, China raised export tax rebates on items including garments, steel and petrochemical products. The rise was the sixth such move since August as the government stepped up efforts to tackle plummeting exports.
Jiang didn't give details but said that the country's exports would continue to face severe challenges because the global economy had yet to bottom out.
Although the government will offer more support to the exports sector, "We hope exporters can beef up products and technology innovation themselves to counter the financial crisis," Jiang said.
In November, China launched a 4-trillion-yuan (US$588 billion) stimulus package to boost investment and shore up domestic demand as the country aimed at achieving an economic growth of 8 percent this year.
The central government is likely to unveil a new package if economic figures for the second quarter are below expectations, Jia Kang, head of the Institute of Fiscal Science at the Ministry of Finance, said late last month.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.