Mechanical electrical products export grim

      Since August 2008, China's has four times raised the export tax rebate rate for some commodities. However, in this process, mechanical and electrical industries to benefit is limited, the export situation and there is no substantive change. To this end, the Ministry of Commerce is to examine the response to the program.

      According to the National Bureau of Statistics data show that last year in November, China's export of electromechanical products have been 3 consecutive months of negative growth, decline were 4.8%, 8.2% and 20.9%; in January of this year, China's export of electromechanical products is only 19.82 billion U.S. dollars of total , accounting for the same period last year, the total value of China's export of electromechanical products 40.3%. This shows that the export tax rebate rate adjustment three months later, the mechanical and electrical industry, exports are still a lack of growth momentum.

      Chase Securities mechanical and electrical industry analysts Xiao Jiang Feng believes that the current difficulties in export of electromechanical products primarily due to lack of external demand. China's export of electromechanical products, nearly 60%, directly or indirectly, to face the United States, the European Union and Japan, the three major markets. Since 2008 the global financial crisis broke out, these three economies were plunged into deep recession, a direct result of China's export of electromechanical products shrinking. Through the development of new markets and increasing exports from developing countries to make up for the loss of practice, more difficult to implement. Therefore, China's export of electromechanical products this year will still be down, export growth likely to decline significantly over the short term, difficult to change.

      According to report, electromechanical and high-tech products are an important component of China's foreign trade, at present the stock of an increase of nearly 60%. Ministry of Commerce has said publicly that ability to maintain mechanical and electrical and high-tech products and the steady growth of processing trade exports, maintaining the steady growth of China's foreign trade is essential.

      Earlier, the Commerce Department and the Electrical and Mechanical Services Division Director Zhang Ji-tech industry in an interview, also said that in 2009 the Ministry of Commerce will take six measures to promote the import and export of mechanical and electrical technology industry sustainable and healthy development. These six measures are: developing and improving policies, and efforts to maintain stability of electromechanical and high-tech export growth; speed up the construction of export bases to promote the export structure adjustment; optimize our import mix and expand high-tech equipment and key spare parts imports; continue to adjust the processing trade policy, stable export growth, to promote enterprise restructuring and upgrading; do a good job of export controls, to expand high-tech trade, and safeguarding national security; deepen industry linkage mechanisms, strengthen the enterprise services.

      In addition, the Ministry of Commerce after the Spring Festival this year, has also organized a large-scale export of research, research findings on the export of electromechanical products in the attitude of not optimistic. According to the insider disclosed that the Ministry of Commerce is studying the mechanical and electrical products export tax rebate rate again raise the relevant issues, "After the investigation, particularly the situation in the export of electromechanical products be taken seriously, the Ministry of Commerce is studying the feasibility of ways to stimulate exports and to reverse the current situation in the . "

      Institute of Industrial Economics Chinese Academy of Social Sciences recently issued a report that, after four times the role of export tax rebate rate increase is limited, suggested that the Government speed up the introduction of policies to support export of electromechanical products. The report notes that China's largest mechanical and electrical products exports, and exports drop quickly spread to the upper reaches of the steel and other heavy industry, leading to the demand of these industries significantly reduced. National policy response to the crisis should continue to stimulate the export of electromechanical and high-tech products to the tilt, and continuously improve the mechanical and electrical and high-tech products export tax rebate rate, so that the effect of policies to be more clearly reflected.