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The central government allocated 2.5 billion yuan of interest subsidies to boost imports.
The Ministry of Finance said on the 10th that in order to encourage the import of advanced equipment, important raw materials, key components and equipment, and promote the balanced development of trade, the central government recently allocated 2.5 billion yuan of interest-improved interest in 2012, an increase of 25% over the previous year. Import discounts will directly drive the growth of China's imports. According to the statistics of the Ministry of Finance, since the establishment of import discount interest funds in 2008, the central government has allocated a total of 9.5 billion yuan of funds, driving the state to encourage imports of 111.352 billion US dollars, an average of 1 yuan to pull nearly 12 US dollars. Insiders pointed out that this move is undoubtedly a huge boost to the recent sluggish imports. According to customs data, the first negative growth since October 2009 has occurred in China’s imports in August, excluding the Spring Festival factor in January this year. From January to August this year, China's import growth rate was only 5.1%. At the same time, this measure is also a further implementation of the State Council's views on stabilizing foreign trade growth. Since the beginning of this year, the foreign trade situation has continued to be severe, and import and export enterprises are in a difficult situation. The industry generally analyzes that short-term domestic and foreign demand will be difficult to pick up, and the growth rate of import and export will remain low, and the “guarantee ten†is worrying throughout the year. Under such a background, the General Office of the State Council officially issued the "Several Opinions on Promoting Foreign Trade Growth" (hereinafter referred to as "Several Opinions") on September 18, and proposed eight measures to stabilize foreign trade growth. After that, many of the rules for stabilizing foreign trade growth were intensively introduced. According to the public information, the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, the General Administration of Quality Supervision, Inspection and Quarantine, and the Ministry of Commerce have all implemented detailed measures for the stabilization of foreign trade. On September 18, the Ministry of Finance and the National Development and Reform Commission jointly issued the "Notice on the cancellation and exemption of import and export related administrative fees", saying that since October 1, 2012, the customs supervision fee will be cancelled. From October 1, 2012 to December 31, 2012, all entry and exit goods, means of transport, containers and other statutory inspection and quarantine materials will be exempted from entry and exit inspection and quarantine fees. Statistics from the Ministry of Finance show that the above two measures can reduce the burden on foreign trade enterprises by about 3.5 billion yuan. On September 27th, the National Business System Conference on Promoting Stable Growth of Foreign Trade was held in Chongqing. Vice Minister of Commerce and Deputy Representative of International Trade Negotiations Zhong Shan implemented the "Several Opinions" to mobilize and deploy. On September 28, the General Administration of Customs issued 16 measures to promote the steady growth of foreign trade. These include: starting from October 1st, all fees, such as import and export import and export goods, export collection and collection, export tax rebate declaration, joint printing fee, customs declaration barcode fee and customs supervision fee, will be stopped. According to estimates by Hubei Customs, this move will reduce the loss of about 3 million yuan for Hubei foreign trade enterprises. According to Chongqing Customs, this will benefit more than 4,000 import and export enterprises in Chongqing. The AQSIQ announced before October 1st the specific measures and related requirements for exempting the statutory entry and exit inspection and quarantine fees for the fourth quarter of 2012. According to the data of the General Administration of Quality Supervision, Inspection and Quarantine on the 10th, during the eleventh period, the exemption policy benefited a total of 5,902 import and export enterprises, and the exempted amount was 54.492 million yuan. Song Wei, director of the International Trade Research Office of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, told the reporter of the Economic Information Daily that several ministries and commissions have recently introduced a number of opinions on the implementation of stable foreign trade growth. These policies are fast, fast, urgent and effective. . For example, the cancellation of customs supervision fees and quarantine fees for a number of import and export links has been implemented since the 1st of this month, and the effect of reducing the burden is immediately apparent. “The policy direction is more focused on stabilizing employment in 2009. This time, more attention is paid to insurance companies.†Song Wei pointed out that unlike the current year, there are not many foreign trade enterprises that have reduced production, closed down, and migrant workers. Compression from profit margins poses a bottleneck for upgrades. Therefore, we have seen the documents of the State Council and the initiatives of various ministries and commissions. The core point is to "reduce the burden of foreign trade enterprises." However, specific to the favorable foreign trade data, Song Yu said that it will help stabilize the growth of foreign trade, but it may not be able to manifest itself significantly quickly. The pressure of foreign trade is still more and more weak from the external environment. "It should be said that the effect of the policy will be more focused on long-term growth, focusing on the enhancement and maintenance of corporate resilience." It is reported that the General Administration of Customs will release the import and export data for September this Saturday. It is widely expected in the industry that there are some encouraging signs in the current external demand, and the leading indicators such as the export order index have improved. The growth rate of imports and exports in September is likely to recover slightly from August, but the overall growth will remain low. Under the circumstances that the external environment has not changed significantly, the growth of foreign trade is still difficult to change significantly.