Release consumption potential and promote the development of foreign trade

According to Xinhua news agency, Premier Li Keqiang chaired an executive meeting of the State Council on April 13 to deploy policies and measures to promote consumption, help stabilize the economic fundamentals and ensure the improvement of people's livelihood; Decided to further strengthen policy support such as export tax rebate to promote the steady development of foreign trade; Determine measures to increase financial support for the real economy and guide market players to reduce financing costs.

The meeting pointed out that consumption has a lasting driving force for the economy and is related to ensuring and improving people's livelihood. We should implement the deployment of the Party Central Committee and the State Council, make concerted efforts, give consideration to both far and near, strive to stabilize current consumption, and take comprehensive measures to release consumption potential. First, we should deal with the impact of the epidemic and promote the recovery and development of consumption. We will step up the implementation of the relief policies for catering, retail, tourism, civil aviation, highway, waterway and railway transportation and other special hardship industries, encourage local governments to increase assistance and stabilize more players in the consumer service market. Ensure the supply and price of basic consumer goods and ensure smooth logistics. Scientifically plan and build a number of suburban warehouse bases with comprehensive functions, and transfer living materials nearby in case of emergency. Second, we should promote new consumption. Accelerate the integration of online and offline consumption, cultivate and expand "smart +" consumption such as smart products and services. Third, we should expand consumption in key areas. We will promote the consumption of services such as medical and health care, elderly care and childcare, and support social forces to make up for the shortage of service supply. All localities shall not gradually implement measures to limit the purchase of new cars and household appliances, and shall not gradually increase the consumption of new cars. Support the consumption of new energy vehicles and the construction of charging piles. Fourth, we should tap the consumption potential of counties and townships. Guide commercial circulation enterprises and e-commerce platforms to extend to rural areas, and promote brand quality consumption into rural areas. Fifth, we should strengthen security. Deepen reform and remove obstacles restricting consumption. Promote the healthy and sustainable development of consumption platforms. Guide financial institutions to enrich bulk consumer financial products. We will speed up the construction of key projects, include the construction of consumption related infrastructure into the scope of special debt support, and bring consumption with investment. Punish counterfeiting, price fraud, false publicity and other acts according to law.

The meeting pointed out that in order to help foreign trade enterprises alleviate difficulties and promote the steady development of import and export, we should give better play to the effectiveness of export tax rebate, which is inclusive, fair and in line with international rules and policies, and optimize the foreign trade business environment from many aspects. First, processing trade enterprises are allowed to transfer in the input tax to offset the value-added tax on the amount of tax that should be refunded after the State implements the consistent policy of levying and refunding tax rates on export products. The export credit insurance compensation obtained by foreign trade enterprises shall be regarded as foreign exchange collection and refunded. Expand the coverage of departure tax rebate policy and implement "buy and return" and other convenience measures. Second, speed up the progress of tax rebate. Strengthen departmental data sharing, simplify the materials required for tax rebate, and do the whole process of application, review and feedback online. This year, the normal tax rebate processing time will be further reduced from an average of 7 working days to 6 working days. Support foreign trade comprehensive service enterprises to centrally handle tax rebates. Third, continue to optimize the foreign trade business environment. Improve the efficiency of customs clearance for the return of export goods. Study and formulate policies to support the development of overseas warehouses and facilitate the return and exchange of goods by cross-border e-commerce. We will provide more convenience for trustworthy enterprises in customs clearance and tax refund, and severely punish acts such as false export and fraudulent tax refund in accordance with the law.