In Oct. 2003 at a national meeting on exporting tax rebate mechanism, a new exporting tax rebate policy has been stipulated, and then put into force since Jan. 1,2004. This event has aroused concerns from circles engaged. In Jinhua, a region whose foreign-oriented economy has been developed relatively higher in recent years, how to properly analyze and evaluate this policy, and make itself accustomed to the new exporting tax rebate mechanism so that its foreign-oriented economy can be developed in a stable, fast and sustainable way, remains an important subject for the government, relative departments and enterprises.This article takes the operation of exporting tax rebate mechanism in Jinhua as an example, adopting modern economics and foreign trade theories, and through the comparison among export tax rebate and other trade policy tools, analyzes the relation between export tax rebate and macro economic development. Meanwhile in a micro-aspect manner, this article also analyzes the detailed influences of the new export tax rebate policy upon the development of foreign-oriented economy in Jinhua and proposes several reactive measures to the reform of exporting tax rebate mechanism based on the real state of the foreign-oriented economy in Jinhua. At the end, taking China entry into WTO into consideration, and also absorbing the functional solutions in regarding to export tax rebate in foreign countries, this article tries to forecast the trend of foreign tax rebate in China as well.The innovative sense of this article lies in that it adopts modern economic and international trade theories to analyze the specific regional economy and game theory is also used to explain the action and reaction between macro economic policy of the state and the local governments ( enterprises ), thus it opens a vast domain in the research of the application of economic theories. This article provides inclusive angles in popularizing international trade knowledge, conducting researches of economic policies, and improving the methods of governmental support and interference of economy, and will also have practical and theoretical senses for the enterprises to understand the macro economic policies. |