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Among them, the Machinery Association stated that although the growth rate of production of more than 80 kinds of machinery products monitored in July was faster than that of the first quarter, machinery exports declined by 19% and 6.2% in July, respectively, and the rate of decline was 0.2% higher. . Therefore, it is recommended that support for bearing exports be further increased and the export tax rebate rate should be restored to 17%. For this proposal, some analysts believe that in the first half of the year, the decline in exports of some enterprises in the industry sector is 40 to 50%. Raising the export tax rebate rate of bearings should help the company restore confidence, but the overall effect will not be too great.
It is said that the Ministry of Industry and Information Technology will report the above proposals to the State Council in the near future.
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According to the information released by the Ministry of Industry and Information, there are now steel, machinery and petrochemical industry associations once again proposed to increase the export tax rebate rate of some products, in order to change the situation of the export downturn in some industries.