The Study On The Inlfuence Of Export Rebates To Export Trade In China

The export rebate is to refund export taxes on export goods, namely, to imposevarious indirect taxes including consumption tax and value-added tax on export goodsand then refund part or all of the tax to the exporters. Because this policy can let theexport commodities enter into the international market with the price of no tax or lesstax, it can encourage the exports and enhance the competitiveness of exportcommodities in the international market.China has implemented the export rebate policy since1985and it has beennearly30years which has greatly promoted the export trade and economy of China.Under the situation of continuously changing of the international foreign tradesituation and domestic macroeconomic regulation goal, our country’s export rebatepolicy has been revised and adjusted. Under the situation of weak external demandand deteriorated export, raising the export rebate rate can stabilize exports. When alarge number of exports leading to the increase of international trade frictions andserious outstanding taxes of financial department, it will properly reduce the exportrebate, and the adjusting direction will transforms from the initially focusing on thegrowth of the export scale to emphasizing on the optimization of the export tradestructure. It is worthy of further study on the theory and practice of how do the exportrebate policy to promote the export scale and export trade structure optimization.At first, this paper theoretically analyzes how the export rebate affects China’sexport trade and illustrates the mechanism of the influence of export rebate on exporttrade, and also makes study of the effects of export rebate from two aspects ofdynamic and static. Then this paper reviews the evolution of the export rebate policyand according to the developing characteristics of different stages, it makes analysisof formation and norming stage, mature stage, structural adjustment stage and stopgapadjustment stage. Then this paper applies related data to make analysis of influence ofexport rebate on China’s export trade based on empirical study. It is considered thatfactors of influencing export trade mainly concluding of export rebate, exchange rate,GDP and price index, and then it is taken as a variable; instead, using the variable datafrom1985-2012and applying the co-integration test verifies the positive correlationbetween the export rebate and export; by sorting the main export commodities as labor-intensive industry, two high capital industry, high-tech industry and mechanicaland electrical industry, it makes analysis of influence of export rebate on exportcommodities structure. And the result shows that to some extent, the export rebate canlimit the export of two high capital products and promote the export of high-techproducts, so as to have the effect of optimizing our country’s export commoditiesstructure. From the analysis of the relationship between the general trade&processing trade of trade modes and export rebate, we can find that the general tradechanges in the same direction with the export rebate rate. When the export rebate rateis reduced, export enterprises tend to choose the feed processing of processing trade.Finally, this paper makes a summary of the above discussed information, and putforward some policies and suggestions.