Approved by the State Council, from January 1, 2008, China has revised some of the import and export of goods tariffs. In the import of the provisional tax rates over 600 kinds of goods, the automotive industry and related mainly include diesel engines, and other important raw materials and key equipment and spare parts. Meanwhile, in order to further restrict the high energy consumption, high-pollution products and continue to form the provisional tax on the coal, crude oil, metal ores, and other products from the export tariffs, and ferroalloy, billets, steel production, such as some high energy consumption, environmental impact the introduction of products or raising export tariffs. In addition, China will continue to import natural rubber, employing selective tax.
Tentative tax rate is adjusted temporarily implementation of the tariff rate, the main aim is to encourage the resources and technology innovation to the import of goods, control of high energy consumption, high pollution and resource goods exports.
At present, China's domestic market there is the engine of a single product structure, the homogeneity tendency obvious characteristics, the development of engine technology and the level of foreign advanced level still lags far behind that, the diesel engine market intensified polarization trend. 2008, the state decided to diesel engines, and other key equipment and spare parts imports tentative tax policy that countries attach importance to environmental protection, energy saving, high-tech diesel engines and key equipment, the introduction of the development of parts and components to encourage domestic auto manufacturers and Engine enterprises intensify the clean-fuel-powered engine independent research and development efforts to reduce the gap between the similar foreign products.
According to a survey, in 2008, the domestic supply and demand model for the supply less than demand, the prices of steel products will be a high, short-term up trend, steel supply is tight become the norm. Some experts predict that in 2008, China's steel output will be 607 million to 631 million tons, while the domestic steel consumption will reach 607 million tons. Domestic automotive, construction, machinery manufacturing high consumption of the rapid growth of steel industry, the steel consumption will rise to a linear trend. 2008, the state billets, part of the introduction of products such as steel or raising export tariffs, intended to control the excessive growth of steel exports, in this policy under the influence of a strong domestic demand growth to support the high prices the market will become the export of steel the important flows.
2008, the state will continue to form the provisional tax levied on crude oil export tariffs on countries that export restrictions energy products further increased. National Bureau of Statistics data show that in January 2007 to November, China's output of crude oil was 171 million tons, an increase of 1.6%. Customs Department data show that in 2007 China's first 11 months of net imports of 147 million tons of crude oil, up 14.8 percent. Some experts predict that with the increase in the number of domestic private cars, the domestic demand for crude oil will be increased further in 2008, China's crude oil import dependence will reach 47 per cent.
Tax refers to the choice of goods at the same time there are some specific and ad valorem two rates, taxation, customs choose from one, as the kinds of goods candidates tariffs. Tax is generally choose a higher tax rate, price increases in the use of the ad valorem tax, the drop in prices from the use of tax. In recent years, China's automobile, tire industry has developed rapidly, rubber consumption demand is strong. At present China is the first natural rubber imports and consumer countries, and the market demands the 2 / 3 needed to rely on imports to meet, thus the international market natural rubber producing country's political situation, the natural climate, import and export policies and other factors, may affect the domestic natural rubber market prices. 2008, China's imports of natural rubber to choose a tax, is designed to avoid the natural rubber producing countries to the uncertainty of China's natural rubber sharp fluctuations in the market price, thereby affecting the domestic tyre market price volatility.
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