Analysis On The Influence Of Tax Rebates Policy On Export Of Chinese Steel Products

As an institutional taxation system in China,export rebate has been fully implemented for more than 35 years.In terms of the designing on objectives and functions of the system,it has undertaken different political or economic missions successively including promoting economic growth,adjusting foreign trade relations and adjusting the industrial structure.Since 2000,driven by economic growth and social progress,China’s iron and steel(shortened as I&S)production,as a pillar industry,continued to increase,and export trade activities of the I&S industry has achieved unprecedented development.Although China has vigorously carried out infrastructure construction and developed industries such as real estate and automobiles that use a large amount of steel,the problem of overcapacity is still very serious.At present,I&S industry is faced with contradictions and challenges that the production capacity structure are incompatible with environmental resources and international trade environment.In recent years,the structural overproduction of China’s I&S industry has triggered many trade frictions in the international market,and has formed a long-term impact and pressure on foreign trade exports.Therefore,how to use the export tax rebate policy to better regulate and drive the I&S industry into a better structuralized framework?This should be practically meaningful for upgrading and transformation of Chinese economy and society.This paper analyse the effect of export tax rebate policy on the export activities of specific steel products by combining theory and empirical research.This paper consists of six chapters.The first chapter includes the background,research content,research significance and methods of this paper,as well as the innovation points and shortcomings of this paper.The second chapter make a review and comment on the existing studies on the correlation between export tax rebates and steel production and trade.The third one introduces the development and change process of the policy of export drawback,and summarizes the status of iron and steel production and iron and steel industry export.The fourth part analyzes the mechanism of export tax rebate policy on steel export.In the fifth chapter taken boron steel export as an example.In year of 2010 and 2015,the Chinese government canceled the export tax rebate of certain steel products twice.This paper takes antecedent policy implementations as the exogenous and endogenous policy impact in the analysis model for boron containing steel by using the regression discontinuity method and the difference-on-difference method respectively to obtain the results of the impact of export tax rebate policy on I&S export,and make an analysis of its influence mechanism.Finally,according to the empirical analysis,put forward policy suggestions on export tax rebate,steel production and steel products export trade.Based on the above,this paper will help to better design and use the corresponding policy and institutional tools to help the steel industry to achieve upgrading and transformation so as to achieve healthier development.