In the first quarter, China’s exports of some high energy-consuming products doubled, driving high energy-consuming industries to rise again. The National Development and Reform Commission said on the 26th that it will further reduce the export tax rebate rate for primary processed products and control this trend.
According to the data released by the Development and Reform Commission on the first quarter of the industrial economy operation held on the 26th, in the first quarter, China's steel and billet exports were 14.13 million tons and 1.78 million tons, respectively, an increase of 1.2 times and 98.1% year-on-year, respectively, equivalent to net imports of crude steel. 12.19 million tons of exports, an increase of 9.41 million tons. In the first quarter, China also exported 3.65 million tons of coke, a year-on-year increase of 20%; and exports about 750,000 tons of ferroalloy, an increase of about 70%. "The international market has boosted strength." Jia Yinsong, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, said that the demand for such products in the international market is booming and prices are rising. This has led domestic related industries to increase production and export.
Jia Yinsong revealed that the country will further study relevant policies and measures to control the export of high energy-consuming, high-pollution and resource-based products, strengthen export supervision, and further reduce the export tax rebate rate for primary processed products.
"In the case of domestic energy shortages, large quantities of primary products are exported, consume large amounts of resources, and leave a lot of pollution. This situation is not sustainable." Jia Yinsong said that it is necessary to actively change the mode of foreign trade growth and continuously optimize the structure of export products.
According to the data released by the Development and Reform Commission on the first quarter of the industrial economy operation held on the 26th, in the first quarter, China's steel and billet exports were 14.13 million tons and 1.78 million tons, respectively, an increase of 1.2 times and 98.1% year-on-year, respectively, equivalent to net imports of crude steel. 12.19 million tons of exports, an increase of 9.41 million tons. In the first quarter, China also exported 3.65 million tons of coke, a year-on-year increase of 20%; and exports about 750,000 tons of ferroalloy, an increase of about 70%. "The international market has boosted strength." Jia Yinsong, deputy director of the Economic Operation Bureau of the National Development and Reform Commission, said that the demand for such products in the international market is booming and prices are rising. This has led domestic related industries to increase production and export.
Jia Yinsong revealed that the country will further study relevant policies and measures to control the export of high energy-consuming, high-pollution and resource-based products, strengthen export supervision, and further reduce the export tax rebate rate for primary processed products.
"In the case of domestic energy shortages, large quantities of primary products are exported, consume large amounts of resources, and leave a lot of pollution. This situation is not sustainable." Jia Yinsong said that it is necessary to actively change the mode of foreign trade growth and continuously optimize the structure of export products.
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