"Given the export pressure facing China, export promotion policies should first be implemented and then be developed into a permanent mechanism," said Zhang Xiaoji, research fellow at the Foreign Economic Research Department of the Development Research Center under the State Council. Export tax rebates should be paid in full, on time and steadily. China should also improve the export credit insurance system and establish a multi-channel and multi-level financial support system.
The unprecedented difficulties facing export enterprises amid the global financial crisis have exposed the shortcomings in China's existing fiscal and financial promotion policies and foreign affairs systems. They are not in line with the rapid development of China's foreign trade, and in particular the rapid changes in the diversification of operating entities, export product upgrades and the expansion of emerging markets.
Zhang added that the policies adopted during the global financial crisis are not temporary measures. China should use the global financial crisis as an opportunity to thoroughly address the issue of export promotion policies not matching China's foreign affairs-related economic development.
As for issues such as the need to reduce overcapacity in the export sector, Zhang said that the market should determine whether there is "overcapacity." Capacity utilization rate is determined by the market, so "overcapacity" should not be lightly concluded simply due to temporary difficulties.
By People's Daily Online
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