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Author:Fong, Zongxian
Kong, Deming
Title:The influence of downward adjustment of tariff and its prospects in China (original in Chinese)
Journal:Modern Economic Science (c)
1997 : 1, p.5-9
Index terms:TAXATION
TAX REFORM
CHINA
Language:chi
Abstract:The downward adjustment of tariff would not affect the growth of import nation-wide greatly. Because the tariff of partial products is reduced by a large margin, some enterprises will face challenges from foreign enterprises. But the tariff of imported raw materials, which is decreased by a large margin would reduce the cost of production of related enterprises and thus elevate domestic enterprises' status in competition correspondingly. The other influence of downward adjustment of tariff is as follows: easing the pressure of domestic inflation, affecting the formation of foreign investment, increasing the state's revenue due to the expansion of import, helping deepen the reform of foreign trade system in China.
SCIMA record nr: 160501
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