On March 6, at a press conference held at the First Session of the 11th National People's Congress, Ma Kai, Director of the National Development and Reform Commission and Minister of Finance Xie Xuren said that this year China will continue to implement a prudent fiscal policy and consolidate and develop macroeconomic control results. The reporter learned that the state will further tighten its taxation policy for high energy consumption, high pollution, and resource-based products, and support the construction of energy-saving and environmental protection and independent innovation projects, which will have a greater impact on the oil and chemical industries.
Ma Kai said that the practice in the past five years has proved that a series of guidelines, policies and measures for macroeconomic regulation and control are fruitful. For some problems existing in the current economic operation, we must attach great importance and take effective measures to gradually solve them.
Xie Xuren said that this year will continue to implement a prudent fiscal policy and focus on structural adjustment and coordinated development. Will vigorously support scientific and technological innovation, promote energy-saving emission reduction work, and promote the optimization of industrial structure adjustment. We will support the localization of major equipment, the adjustment and reconstruction of old industrial bases in Northeast China, the optimization and upgrading of key industrial structures, and the development of succession industries in resource-exhausted cities. We will improve related policies and measures such as export tax rebates, processing trade, import and export tariffs, suppress the export of "two high and one capital" products, support the export of high value-added products, and encourage the import of resources, energy saving, and key parts and components. Implementation of preferential taxation policies that encourage energy conservation, environmental protection and independent innovation.
The reporter learned that macro-control measures have been and will continue to have an impact on the oil and chemical industry. In 2007, China eliminated 553 export tax rebates for "two high and one capital" products, reduced the export tax rebate rate of 2268 products that easily caused trade friction, lowered the import tariffs on 511 energy and resource-type commodities, and increased 222 items. "Two high-funded" goods export tariffs. Adjusted the scope of processing trade prohibited and restricted commodities, introduced subsidies to encourage the export of products and technologies within the catalog, eliminated a number of backward production capacity that did not meet safety production, environmental protection conditions, or waste of resources. These involve a large number of petroleum and chemical products and construction projects. In 2008, some specific macro-control measures will continue to have an impact on the industry. For example, the central government will focus on supporting projects such as energy-saving emission reduction and independent innovation, and increase loans for small and medium-sized enterprises, independent innovation, and energy conservation and environmental protection. Support and strictly control the financing of “two-high†projects and poor-quality industries with overcapacity, and strictly control new projects.
Ma Kai said that the practice in the past five years has proved that a series of guidelines, policies and measures for macroeconomic regulation and control are fruitful. For some problems existing in the current economic operation, we must attach great importance and take effective measures to gradually solve them.
Xie Xuren said that this year will continue to implement a prudent fiscal policy and focus on structural adjustment and coordinated development. Will vigorously support scientific and technological innovation, promote energy-saving emission reduction work, and promote the optimization of industrial structure adjustment. We will support the localization of major equipment, the adjustment and reconstruction of old industrial bases in Northeast China, the optimization and upgrading of key industrial structures, and the development of succession industries in resource-exhausted cities. We will improve related policies and measures such as export tax rebates, processing trade, import and export tariffs, suppress the export of "two high and one capital" products, support the export of high value-added products, and encourage the import of resources, energy saving, and key parts and components. Implementation of preferential taxation policies that encourage energy conservation, environmental protection and independent innovation.
The reporter learned that macro-control measures have been and will continue to have an impact on the oil and chemical industry. In 2007, China eliminated 553 export tax rebates for "two high and one capital" products, reduced the export tax rebate rate of 2268 products that easily caused trade friction, lowered the import tariffs on 511 energy and resource-type commodities, and increased 222 items. "Two high-funded" goods export tariffs. Adjusted the scope of processing trade prohibited and restricted commodities, introduced subsidies to encourage the export of products and technologies within the catalog, eliminated a number of backward production capacity that did not meet safety production, environmental protection conditions, or waste of resources. These involve a large number of petroleum and chemical products and construction projects. In 2008, some specific macro-control measures will continue to have an impact on the industry. For example, the central government will focus on supporting projects such as energy-saving emission reduction and independent innovation, and increase loans for small and medium-sized enterprises, independent innovation, and energy conservation and environmental protection. Support and strictly control the financing of “two-high†projects and poor-quality industries with overcapacity, and strictly control new projects.
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