Import and export tariffs adjust the advantages and disadvantages of China's machinery industry

According to the “Tax Implementation Plan 2014” issued by the Ministry of Finance recently, China will adjust the import and export tariffs from January 1, 2014. More than 760 imported commodities will enjoy the annual import provisional tax rate lower than the MFN tariff rate. The discount rate is 60%.

Nowadays, many media and websites are paying attention to this matter. For China's machinery industry, it also involves the analysis and judgment of advantages and disadvantages. Among the more than 760 products, there are many mechanical products, including complete machines and parts, such as automobile production line resistance and laser welding robots, tractors with power greater than 150 hp, CNC servo sets for machine tools, and parts for wind power generation equipment. Controllers, 6-speed and 6-speed cars with automatic shifting gearboxes, etc., cover a wide range.

Or will promote economic restructuring

Judging from the recent response from the Ministry of Finance, this tariff adjustment has a positive macro significance. Bai Jingming, deputy director of the Institute of Fiscal Science, said: "Compared to tariff adjustments in recent years, this downward adjustment has focused more on promoting economic restructuring."

On the one hand, it is reflected in the support of strategic emerging industries with high technological content. The core technologies and key components required for the development of these industries cannot be mastered in China. Therefore, reducing the import tariffs on such products will bring impetus to relevant domestic industries. For example, the program clarifies a 1% provisional tax rate for aircraft engines in 2014, while the MFN rate is 2%; a 1% provisional tax rate for turboshaft aero engines, and a MFN rate of 15%; for 600 hp and above The diesel engine is subject to a 4% provisional tax rate, while the MFN tariff rate is 9%... In addition to many high-end products and key components, it involves various industries of mechanical equipment manufacturing, such as high-power agricultural machinery, lithium-ion batteries for electric vehicles. The battery and so on are all in the adjustment range.

On the other hand, it is reflected in the support of some industries, and further exerts the function of resolving excess capacity through tariff adjustment. For example, the program clarifies that in 2014, zero tariffs will be imposed on “unformed anthracite, whether or not powdered” or “coking coal”, below the 3% MFN rate. As the main raw material of the coking industry, the price trend of coking coal directly determines the production cost of the industry. In the case of weakening downstream demand, the price of coking coal determines the profitability of the coking industry to a certain extent. The downward adjustment of import tariffs on coking coal means that the cost of importing coking coal from domestic enterprises has decreased, which is a favorable factor for coking enterprises that are currently in a dilemma.

Therefore, this tariff adjustment can reflect the efforts of the national government in supporting strategic emerging industries, resolving excess capacity and eliminating backward production capacity.

Some companies may be under pressure

The positive response of the Ministry of Finance officials may only explain the original intention of the tariff adjustment; and what impact it will have on China's machinery industry, but it is not a simple analysis of one or two sentences. More than 760 products are related to the manufacture of mechanical equipment. Because the involvement is too broad, its complexity can be imagined. For the entire Chinese machinery industry, the large-scale tariff adjustment of imported products is a "double-edged sword."

Among the mechanical products that are about to implement the annual import provisional tax rate that is lower than the MFN tariff rate, some are domestically unable to produce and must rely on imports, and some have domestic production capacity.

After lowering tariffs, the original production cannot reduce the procurement cost, while the production can mean the increase of market pressure. For example, automotive production line resistance and laser welding robots, which have been produced by many companies in China, and the reduction of import tariffs means that the price competitiveness of the imported imported welding robots is slightly enhanced. However, it is not difficult to see from many details that the Ministry of Finance should have considered this aspect when formulating this adjustment plan – for example, nickel-hydrogen and lithium-ion batteries for electric vehicles with tariff reductions, in terms of battery capacity and specific energy. There are bottom limit settings.

Moreover, for the whole machine and parts enterprises in China's machinery industry, the same thing has different advantages and disadvantages; for example, the key parts and components that are also capable of producing in China, the corresponding tariffs on imported products are reduced, the whole machine Vendors should be happy, and component manufacturers may have to worry about it. There are more situations in this regard, and there are many core components for this tariff adjustment. For the whole machine manufacturers who need to use imported parts, the price competitiveness of the whole machine can be improved by the cost of imported parts and components; for parts manufacturers who are struggling in the same field, it means that the pressure is increased. Originally, the parts and components of China's machinery industry were relatively weak. As a result, I am afraid that there will be a "worse".

Overall, it is a good thing. "Even if there is a negative impact, it will not have too much impact on China's machinery industry." Qu Daokui, general manager of Xinsong Robot Automation Co., Ltd., said in an interview. Qu Daokui believes that there are two reasons: On the one hand, the Chinese machinery market has been relatively open, and foreign brands from all walks of life have basically come in and have implemented production in China through various means. Therefore, the scope of tariff adjustment can be limited. On the other hand, in the case of welding robots, although the adjustment plan stipulates a provisional tax rate of 5%, which is lower than the MFN rate of 10%; in fact, before this, imported robots have implemented zero-tariff policies for many years. Instead, high tariffs are imposed on robot parts. To this end, Xinsong and other related companies have repeatedly reported to the relevant state departments. The tariff adjustment seems to be “loosely tied” to imported welding robots, which is not the case.

Professionals believe that the downward adjustment of tariffs by the Ministry of Finance may be more of an open stance demonstrated by the state to resolve international trade disputes. It is worth noting that the time limit for tariff adjustment is one year. For this, Bai Jingming's words can be used as evidence: "By reducing the tax rate by large and large areas, it can stimulate imports and ease the surplus. After all, the surplus is not as big as possible, and should be kept at a reasonable level."

This tariff adjustment may create a better international atmosphere for Chinese companies to “go global”. In the long run, it is beneficial to the international development of China's machinery industry. Although some related parts and components enterprises may be affected, they should also use pressure as the driving force to seek the true meaning of survival and development in an open market. After all, although the "warm shed" is good, it is difficult to achieve "the towering tree". .

Hand Shower Set

Hand Shower Set,Hand Shower Set For Bathroom,Bath Hand Shower Set,Rainfall Shower Set With Handshower

Kaiping Rainparty Sanitary Ware Technology Co.,Ltd. , https://www.helin-shower.com