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The new situation of China mining machinery industry

Release date : 2014-05-14      Source : Hongji Group
    First,¡±optimize the structure of imports,expand the scale of import, play he important role of imports on macro economic equilibrium and economic structure adjustment¡±,the central economic work conference said by the end of 2010.

    At a national business meeting by early 2011,commerce ministry offered to expand imports, and strive to achieve trade basic balance, revise and expand encourages import product catalogue, import preferential policies. Ministry of commerce will held work conference of the national import in the first half of 2011, which will Policy, optimizing environment, to promote the country¡¯s import trade development.

    Secondly, the cross-strait economic cooperation framework agreement regulation, mainland have 176 kind of machanical products imports from Taiwan need reduced tariffs . The import tariffs of Most products down to 5% from the original 8%-15%  in 2011 , and import duties to zero in 2012 . The main products lower taxes include machine tool, plastic machinery, small power motors, mold, hydraulic parts, etc.

    Again, RMB appreciation, will reduce the cost of imports and have advantage to import.

Sources: http://www.chinahongji.com



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