Experts Predict That The Export Rebate Rate Of Leather Will Also Increase.

The revitalization plan for the most extensive light industry in the capital market is about to emerge.

10 days ago, reporters learned exclusively from authoritative channels, and proposed the revitalization plan for light industry. In the next three years, we will focus on food, household appliances, paper making, plastic, leather, hardware, batteries, lighting appliances, washing, light industry equipment and other industries. The goal of industrial revitalization is to make light industry key industries structural adjustment and industrial upgrading achieved remarkable results by 2010.

Recently, it has been expected that the stock market of sugar industry, dairy products, liquor and salt industry in the A light industry will have a good performance.

An authoritative source told reporters that planning should focus on improving the income level of residents and expanding the ultimate consumption demand, expanding domestic demand and promoting consumption.

According to the official, the plan will temporarily reduce the consumption tax on liquor and alcohol, cosmetics, precious jewellery, high-end watches and other commodities, increase tariffs on imported high-end consumer goods, extend the scope of "home appliances to the countryside" to the whole country, and expand the products to all household appliances and energy saving lighting appliances, gas appliances, etc.

In addition, the planning proposal further improves the threshold of personal income tax.

For urban low income personnel, the consumption vouchers are issued from all localities according to specific circumstances.

National major projects and government procurement projects give priority to the selection of domestic light industrial products.

Analysts said that raising the personal income tax threshold will release the consumption power of the middle and low income groups, and the importance of expanding domestic demand is self-evident.

The reduction of consumption tax on alcohol and cosmetics and the increase of tariffs on imported consumer goods are also good for domestic related enterprises.

The authority also revealed that the plan will continue to raise the export rebate rate of 631 commodities, such as household appliances, furniture, leather and hardware, and return to the level before July 1, 2007.

Meanwhile, the export tax rebate rate of fermented products and paper should be moderately increased temporarily. Preferential policies such as export tax rebate and income tax will be given to enterprises with independent brand export.

In addition, the reporter also learned that the plan suggested that the government should increase the storage and storage of products such as sugar, dairy products, salt, pulp and paper, promote the implementation of central salt storage and storage facilities construction projects, and establish a national and local reserve system.

At the same time, the pilot enterprises should be selected to implement temporary dynamic reserves. Based on the backlog of products in the fourth quarter of 2008, banks will give special loans to full liquidity funds, and the state will give full discount support in one year to sell the loans when the market is restored.

Wang Xiaonan: editor in charge