Study On The Effect Of Export Tax Refund Policy On China's Export

China's trade surplus increased rapidly over the last few years, and it accumulated to 262.2 billion US dollars in 2007. There is a serious disequilibrium in our international balance of payments, resulting in heightened trade frictions and pressure on the appreciation of the Renminbi. Reducing trade surplus and optimizing export structure needs to be solved urgently. After the reform called "new policy in export tax refund" was carried out in 2004, the government adjusted the rate of export tax refund many times as an important fiscal policy. It brought a hot discussion in the industry and the experts.This paper analyzes export tax refund both in theory and in practice. On one hand, the theoretical foundation of complete export tax refund and incomplete export tax refund is studied. Considering the economic situation at home and abroad, the paper puts forward"incomplete export tax refund with discretion". On the other hand, the paper introduces the history of the export tax refund of our country and current operational situation, finds the relationship between the export tax refund and export growth rate, and estimates the economic effect of export tax refund with the method of lines returning analyzing. At the same time, export tax refund policy is compared with exchange rate policy. With clear and definite targets, export tax refund policy has advantages in optimizing export structure. At last, the typical export tax refund systems of four countries are studied and summarized. A set of stimulation and restriction measures of export enterprises and tax authorities is proposed to make export tax refund system more effective.