Recently, good news came from the customs, and the first time in the first 11 months of 2007, the petrochemical general machinery industry achieved double growth in its trade surplus. This was a major breakthrough in the development history of the petrochemical general machinery industry.
From January to November, imports and exports continued to grow rapidly. According to customs statistics, from January to November of 2007, the petrochemical general machinery industry's imports and exports continued to maintain rapid growth since 2003. Among them, imports were US$17.574 billion, up 16.94% year-on-year; exports were US$30.442 billion, up 46.7% year-on-year. Due to the rapid growth of exports, the import growth rate has dropped significantly, achieving a surplus of US$12.826 billion. The trade surplus has more than doubled over the whole year of 2006.
From the perspective of exports, major products have generally grown rapidly. Among them, the products with more than 40% growth include compressors for refrigeration equipment, petrochemical equipment, gas compressors, gas separation equipment, plastic machinery, and electrostatic precipitators. The products that have grown by 30% to 40% include refrigeration and air conditioning equipment and various pumps. And oil drilling equipment parts.
From the import perspective, imports of major petrochemical machinery products have increased or decreased, of which pumps and petrochemical equipment have increased at a larger rate, and imports of compressors and other products have declined slightly. According to statistics, the total import volume of various pumps from January to November was 1.578 billion U.S. dollars, an increase of 24.45% year-on-year; the total import of petrochemical equipment was 880 million U.S. dollars, an increase of 15.1% year-on-year; the total imports of petroleum drilling equipment parts were 158 million U.S. dollars, up 34% year-on-year. Plastic machinery imports totaled 1.666 billion U.S. dollars, a year-on-year increase of 24%.
According to statistics, the main products for which imports have fallen are: import of gas compressors by US$1.01 billion, down by 15.4%; imports of compressors for refrigeration by US$808 million, down by 5.4%; imports of gas separation equipment by US$21.33 million, down by 63.2%.
The impact of relevant policies on the import and export of petrochemical general machinery In recent years, the Chinese government has introduced a series of import and export policies aimed at improving and optimizing the structure of import and export products, improving the quality of export products, increasing the technological content and added value of export products, and rectifying the export order. To achieve a fundamental change in the mode of export growth in order to improve international competitiveness. At the same time, in order to reduce the international trade surplus and promote industrial upgrading, some policies to encourage the import of advanced technologies and equipment have also been issued. The current policies directly related to the import and export of petrochemical general machinery include:
Encourage advanced technology and equipment import policies. On September 27, 2007, the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Commerce jointly issued the "Notice on Encouraging Importation of Technologies and Product Catalogues." On September 22 of the same year, the Ministry of Finance and the Ministry of Commerce issued the "Measures for the Administration of Import Interest Subsidies". . For advanced technologies and equipment that are listed in the catalogue, and enterprises are imported by general trade, the state gives policy support.
Among the important equipment that encourages imports, there are three general petrochemical machinery. First, centrifugal ventilators, flow rate> 1800m3/min, pressure rise> 19Kpa; second, special large-capacity desulfurization dryers; third, belt-type sludge concentrator filter presses, bandwidth> 3m, filter cake moisture content <70%.
Among the key industries that encourage development, the petrochemical general machinery industry mainly includes: radioactive waste and other hazardous waste safety disposal technologies and equipment; gas, flue gas dust removal, desulfurization, denitrification technologies and devices, and complete sets of equipment manufacturing; high-efficiency, low-energy wastewater treatment Recycling technology development and equipment manufacturing.
This policy will have a certain impact on the development and development of these products by domestic enterprises. The relevant companies must actively take measures to meet user requirements and report the problems encountered to relevant government departments.
Export tax rebate policy. With the approval of the State Council, on June 19, 2007, the "Circular on Decreasing the Tax Rebate Rates for Certain Products" was promulgated and will be implemented on July 1, 2007.
The main purpose of this adjustment is to further control the excessively rapid growth of foreign trade exports, ease the outstanding contradictions brought about by China’s excessive trade surplus, improve the structure of export commodities, and suppress the export of high energy consumption, high pollution, and resource products. There are a total of 219 customs tax codes for mechanical products to lower the export tax rebate rate. Among them, there are three kinds of tax reduction products for construction machinery, namely, portable pneumatic tools and their parts have been reduced from 17% to 9%. In the future, the Chinese government will adjust the export tax rebate rate in accordance with China's industrial policies, import and export trade policies, and surpluses.
Reducing the export tax rebate rate will increase the cost of export products and reduce profits. Related companies should improve the structure of export products and increase the added value of export products.
Imports are not exempt from the tax policy. On January 22, 2007, the Ministry of Finance issued an announcement announcing the "Catalogue of Imported Goods for Domestic Investment Projects Not Exempted from Taxation (Revised in 2006)" (hereinafter referred to as the "New Non-Exemption Catalogue"), as of March 1, 2007. From now on, the imported equipment for newly approved domestic investment projects shall be implemented in accordance with the "Catalogue of Imported Products that Are Not Exempted from Taxes in Domestic Investment Projects (Revised in 2006)".
The newly added equipment and technical specifications of the “New Non-Exemption Catalogue†include a part of petrochemical general machinery. These equipments already have manufacturing capacity in China, and the technical level can meet the requirements or have a large market capacity. Domestically, it is possible to create manufacturing capacity in the short term and can no longer enjoy the advantages of exemption of import tariffs and value-added tax for import links.
In the “New Catalogue for Non-Exemption Taxesâ€, 154 products of Petrochemical General Machinery are not exempted from tax. This policy is very beneficial to the development of petrochemical general machinery. At the same time, products that have not been included in this catalogue, but domestic companies have succeeded in research and development and are mature in technology, are striving to supplement the catalogue.
The import of key pieces of major technical equipment will be implemented after preferential taxation. The "Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry" issued by the State Council in 2006 proposes that by 2010, a group of large-scale equipment manufacturing enterprise groups with strong competitiveness will be developed and the manufacturing capacity of major technological equipment with independent intellectual property rights will be strengthened. Meet the needs of energy, transportation, raw materials and other areas and national defense construction. 16 key technical equipments that have important influence on national economic security and national defense construction have been identified, including the introduction of key technologies, digestion, absorption, re-innovation, and independent development that involve the general petrochemical industry and the realization of a one-million-ton large-scale ethylene plant And the domestic production of paraxylene (PX), terephthalic acid (PTA), polyester complete sets of equipment "and" research and development of large-scale coal chemical complete sets of equipment to meet the needs of China's energy structure adjustment "two projects.
We will implement the taxation policy for revitalizing the equipment manufacturing industry. On January 14, 2007, the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation issued the “Circular on the Implementation of the State Council's Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry concerning Import Tax Policies†(hereinafter referred to as the “Noticeâ€). Import duties and value-added tax on imports of certain key components imported by domestic companies to develop and manufacture these equipment and raw materials that cannot be produced domestically are subject to withdrawal. Tax refunds have changed from state investment to state capital in the past. They are mainly used for the development and production of new products for enterprises and the building of independent innovation capabilities.
The "Notice" stipulates that, for enterprises that meet the conditions for tax rebate, the Ministry of Finance shall issue a tax rebate confirmation letter for a major equipment manufacturing enterprise, and the relevant enterprise shall apply for a tax refund to its competent local customs with a tax rebate confirmation.
The above two major equipments require the import of some key spare parts and raw materials. At present, the relevant government departments are organizing relevant units to put forward catalogues that need to be imported and given preferential treatment.
The manufacture of 16 major equipments not only provided excellent opportunities for the development of the petrochemical general machinery industry, but also brought huge challenges to the industry. The petrochemical general machinery industry is shouldering heavy responsibility.
From January to November, imports and exports continued to grow rapidly. According to customs statistics, from January to November of 2007, the petrochemical general machinery industry's imports and exports continued to maintain rapid growth since 2003. Among them, imports were US$17.574 billion, up 16.94% year-on-year; exports were US$30.442 billion, up 46.7% year-on-year. Due to the rapid growth of exports, the import growth rate has dropped significantly, achieving a surplus of US$12.826 billion. The trade surplus has more than doubled over the whole year of 2006.
From the perspective of exports, major products have generally grown rapidly. Among them, the products with more than 40% growth include compressors for refrigeration equipment, petrochemical equipment, gas compressors, gas separation equipment, plastic machinery, and electrostatic precipitators. The products that have grown by 30% to 40% include refrigeration and air conditioning equipment and various pumps. And oil drilling equipment parts.
From the import perspective, imports of major petrochemical machinery products have increased or decreased, of which pumps and petrochemical equipment have increased at a larger rate, and imports of compressors and other products have declined slightly. According to statistics, the total import volume of various pumps from January to November was 1.578 billion U.S. dollars, an increase of 24.45% year-on-year; the total import of petrochemical equipment was 880 million U.S. dollars, an increase of 15.1% year-on-year; the total imports of petroleum drilling equipment parts were 158 million U.S. dollars, up 34% year-on-year. Plastic machinery imports totaled 1.666 billion U.S. dollars, a year-on-year increase of 24%.
According to statistics, the main products for which imports have fallen are: import of gas compressors by US$1.01 billion, down by 15.4%; imports of compressors for refrigeration by US$808 million, down by 5.4%; imports of gas separation equipment by US$21.33 million, down by 63.2%.
The impact of relevant policies on the import and export of petrochemical general machinery In recent years, the Chinese government has introduced a series of import and export policies aimed at improving and optimizing the structure of import and export products, improving the quality of export products, increasing the technological content and added value of export products, and rectifying the export order. To achieve a fundamental change in the mode of export growth in order to improve international competitiveness. At the same time, in order to reduce the international trade surplus and promote industrial upgrading, some policies to encourage the import of advanced technologies and equipment have also been issued. The current policies directly related to the import and export of petrochemical general machinery include:
Encourage advanced technology and equipment import policies. On September 27, 2007, the National Development and Reform Commission, the Ministry of Finance, and the Ministry of Commerce jointly issued the "Notice on Encouraging Importation of Technologies and Product Catalogues." On September 22 of the same year, the Ministry of Finance and the Ministry of Commerce issued the "Measures for the Administration of Import Interest Subsidies". . For advanced technologies and equipment that are listed in the catalogue, and enterprises are imported by general trade, the state gives policy support.
Among the important equipment that encourages imports, there are three general petrochemical machinery. First, centrifugal ventilators, flow rate> 1800m3/min, pressure rise> 19Kpa; second, special large-capacity desulfurization dryers; third, belt-type sludge concentrator filter presses, bandwidth> 3m, filter cake moisture content <70%.
Among the key industries that encourage development, the petrochemical general machinery industry mainly includes: radioactive waste and other hazardous waste safety disposal technologies and equipment; gas, flue gas dust removal, desulfurization, denitrification technologies and devices, and complete sets of equipment manufacturing; high-efficiency, low-energy wastewater treatment Recycling technology development and equipment manufacturing.
This policy will have a certain impact on the development and development of these products by domestic enterprises. The relevant companies must actively take measures to meet user requirements and report the problems encountered to relevant government departments.
Export tax rebate policy. With the approval of the State Council, on June 19, 2007, the "Circular on Decreasing the Tax Rebate Rates for Certain Products" was promulgated and will be implemented on July 1, 2007.
The main purpose of this adjustment is to further control the excessively rapid growth of foreign trade exports, ease the outstanding contradictions brought about by China’s excessive trade surplus, improve the structure of export commodities, and suppress the export of high energy consumption, high pollution, and resource products. There are a total of 219 customs tax codes for mechanical products to lower the export tax rebate rate. Among them, there are three kinds of tax reduction products for construction machinery, namely, portable pneumatic tools and their parts have been reduced from 17% to 9%. In the future, the Chinese government will adjust the export tax rebate rate in accordance with China's industrial policies, import and export trade policies, and surpluses.
Reducing the export tax rebate rate will increase the cost of export products and reduce profits. Related companies should improve the structure of export products and increase the added value of export products.
Imports are not exempt from the tax policy. On January 22, 2007, the Ministry of Finance issued an announcement announcing the "Catalogue of Imported Goods for Domestic Investment Projects Not Exempted from Taxation (Revised in 2006)" (hereinafter referred to as the "New Non-Exemption Catalogue"), as of March 1, 2007. From now on, the imported equipment for newly approved domestic investment projects shall be implemented in accordance with the "Catalogue of Imported Products that Are Not Exempted from Taxes in Domestic Investment Projects (Revised in 2006)".
The newly added equipment and technical specifications of the “New Non-Exemption Catalogue†include a part of petrochemical general machinery. These equipments already have manufacturing capacity in China, and the technical level can meet the requirements or have a large market capacity. Domestically, it is possible to create manufacturing capacity in the short term and can no longer enjoy the advantages of exemption of import tariffs and value-added tax for import links.
In the “New Catalogue for Non-Exemption Taxesâ€, 154 products of Petrochemical General Machinery are not exempted from tax. This policy is very beneficial to the development of petrochemical general machinery. At the same time, products that have not been included in this catalogue, but domestic companies have succeeded in research and development and are mature in technology, are striving to supplement the catalogue.
The import of key pieces of major technical equipment will be implemented after preferential taxation. The "Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry" issued by the State Council in 2006 proposes that by 2010, a group of large-scale equipment manufacturing enterprise groups with strong competitiveness will be developed and the manufacturing capacity of major technological equipment with independent intellectual property rights will be strengthened. Meet the needs of energy, transportation, raw materials and other areas and national defense construction. 16 key technical equipments that have important influence on national economic security and national defense construction have been identified, including the introduction of key technologies, digestion, absorption, re-innovation, and independent development that involve the general petrochemical industry and the realization of a one-million-ton large-scale ethylene plant And the domestic production of paraxylene (PX), terephthalic acid (PTA), polyester complete sets of equipment "and" research and development of large-scale coal chemical complete sets of equipment to meet the needs of China's energy structure adjustment "two projects.
We will implement the taxation policy for revitalizing the equipment manufacturing industry. On January 14, 2007, the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation issued the “Circular on the Implementation of the State Council's Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry concerning Import Tax Policies†(hereinafter referred to as the “Noticeâ€). Import duties and value-added tax on imports of certain key components imported by domestic companies to develop and manufacture these equipment and raw materials that cannot be produced domestically are subject to withdrawal. Tax refunds have changed from state investment to state capital in the past. They are mainly used for the development and production of new products for enterprises and the building of independent innovation capabilities.
The "Notice" stipulates that, for enterprises that meet the conditions for tax rebate, the Ministry of Finance shall issue a tax rebate confirmation letter for a major equipment manufacturing enterprise, and the relevant enterprise shall apply for a tax refund to its competent local customs with a tax rebate confirmation.
The above two major equipments require the import of some key spare parts and raw materials. At present, the relevant government departments are organizing relevant units to put forward catalogues that need to be imported and given preferential treatment.
The manufacture of 16 major equipments not only provided excellent opportunities for the development of the petrochemical general machinery industry, but also brought huge challenges to the industry. The petrochemical general machinery industry is shouldering heavy responsibility.
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