With the approval of the State Council, starting from January 1, 2008, China has further adjusted the import and export tariffs on some commodities. Of the more than 600 kinds of goods that are subject to the provisional import tax rate, related to the automobile industry mainly include important raw materials such as diesel engines and key equipment and components. At the same time, in order to further limit the export of high-energy and high-polluting products, export tariffs on products such as coal, crude oil, and metal ores will continue to be imposed at a tentative tax rate, and the production of ferro-alloys, steel billets, and some steel products will have high energy consumption and environmental impact. The product is to impose or increase export tariffs. In addition, China will continue to implement a selective tax on imported natural rubber.
The provisional tax rate is the tariff rate that is temporarily implemented after the adjustment. Its main purpose is to encourage the import of resources and products that are conducive to technological innovation, and to control the export of high energy consumption, high pollution, and resource commodities.
At present, China's domestic engine market is characterized by a single product structure and obvious homogeneity. There is still a certain gap between the engine's R&D level and foreign advanced level, and the polarization trend of the diesel engine market is intensifying. In 2008, the state decided to implement a temporary tariff policy on imports of key equipment and components such as diesel engines, indicating that the state attaches importance to the introduction and development of environmentally friendly, energy-saving, high-tech diesel engines and key equipment and components, and encourages domestic automobile manufacturers and The engine companies have increased the independent research and development of engines powered by clean fuels and have narrowed the gap with similar foreign products.
According to a survey, in 2008, the supply and demand model for domestic supply was less than demand, steel prices will show high levels of operation, and the upward trend of steel prices will be a normal trend. Some experts predict that in 2008, China's steel production will be between 607 million and 631 million tons, while domestic steel consumption will reach 607 million tons. The rapid growth of high-consumption steel industries such as domestic automobile, construction, and machinery manufacturing will inevitably lead to a linear rise in steel consumption. In 2008, the state imposed or increased export tariffs on products such as steel billets and some steel products in order to control the excessively rapid growth of steel exports. Under this policy, high-price regional markets with strong demand growth support will become the original export steel products. The important flow.
In 2008, the country will continue to impose export tariffs on crude oil at a tentative tax rate, indicating that the country’s export restrictions on energy products have further increased. National Bureau of Statistics data show that from January to November 2007, China's crude oil production was 171 million tons, an increase of 1.6% year-on-year. According to data from the General Administration of Customs, China’s net import of crude oil in the first 11 months of 2007 was 147 million tons, a year-on-year increase of 14.8%. Some experts predict that with the increase in the number of domestic private cars, the domestic demand for crude oil will further increase. In 2008, China's dependence on crude oil imports will reach 47%.
The term “selection tax†refers to the simultaneous determination of both specific and ad valorem tax rates for certain commodities. When taxation is imposed, the Customs chooses one of them as the applicable tariff rate for such commodities. Generally, it is a kind of tax rate with a higher tax rate. The ad valorem tax is used when the price increases, and the specific tax is used when the price falls. In recent years, China's automobile and tire industries have developed rapidly, and demand for rubber consumption has been relatively strong. At present, China is the first importer and consumer of natural rubber. Two-thirds of market demand needs to be met by imports. Therefore, the political situation, natural climate, and import and export policies of natural rubber producing countries in the international market may affect domestic Natural rubber market price trends. In 2008, China continued to implement a selective tax on natural rubber imports in order to avoid the price fluctuations in China's natural rubber market due to uncertainties in the main producing countries of natural rubber, which in turn affected the price turmoil in the domestic tire market.