The Effect Of China's Export Tax Rebates

With the rapid development of economy and society, China has become one of the biggest international import and export country. From China's export tax rebate system implemented in 1985, there have been 20 years of history, in the past 20 years, the state carried out a number of adjustment and improvement on export tax rebate policy .since our country has implement the export tax rebate system, the country's total exports of 27.36 billion U.S. dollars in 1985 rose to $ 15779.3 billion in 2010.With China's accession to WTO, China will face broader international market, in recent years, both the international and domestic economic situation are complicated, how to maintain a long-term health of China's export growth is an important issue to be resolved currently, export tax rebate is in accordance with World Trade Organization (WTO) rules, is a trade adjustment mechanism advocated by WTO. Therefore, to constantly adjust and improve the export tax rebate policy is one of the reasonable and effective way in the world.In this paper, I use two aspects to analysis the export tax rebate policy: theoretical and empirical. On one hand, the article detailed the research background of this paper and literature review. This paper fully absorb the results of previous studies, In this paper, the favor of and against the views of scholars about the export tax rebate policy are elaborated. Then the article described complete theory of the export tax rebate, export tax rebate difference theory, and the paper puts forward incomplete export tax refund with discretion during the evolution of the export tax rebate policy. On the other hand, the paper describes the evolution of China's export tax rebate policy. Through the perspective of the evolution of the export tax rebate policy in China, especially international and domestic context, the need to adjust export tax rebate policy has been summarized. Then the paper gave a empirical analysis of the effects of China's export tax rebate policy. By analyzing the adjustment on export tax rebate policy on the role of the structure of export, use the data from 2004 to 2008 , and the data from 1999 to 2010, establish relevant models, the beneficial effects of total exports to China and optimize the export structure from adjust export tax rebate policy has been analyzed.At last, the article gave some comments on the export tax rebate. China should strengthen in the following: Countries should continue to use the continuous improvement of the export tax rebate policy and maintaining policy stability; strengthen the comprehensive management on the level of export tax fraud; a fair and reasonable competitive environment to optimize the export; encourage enterprises to increase the awareness of innovation to improve competitiveness in international markets.