"In terms of expanding imports, China has lowered the tax rate on import tariffs on 187 products last year, from 17.3% to 7.7%." At the recent Davos Forum, the director of the Central Financial and Economic Leading Group Office and the deputy director of the National Development and Reform Commission of China. Liu He made it clear that in the future, efforts should be made to increase the import tariffs on automobiles in an orderly manner. ▶ Not only fulfilling promises, but also actively opening up China's automobile import tariffs have been repeatedly lowered several times before and after more than 30 years. The decline in import tariffs on automobiles can often directly stimulate the growth of imported car sales. Since China's accession to the WTO, with the continuous reduction of China's automobile import tariffs, the number of imported cars in China has continued to grow. The data shows that in 2001, China’s automobile imports were only over 70,000, and in 2016 it had exceeded 1.07 million. The reduction of import tariffs on automobiles is easy to assume from the intuitive judgment that the price of imported cars will fall, and consumers will find it cheaper to buy imported cars. Parallel import car e-commerce platform Haitao car CEO Lin Mingjun said that the reduction of tariffs does have a possibility for consumers to enjoy preferential treatment, but the price of imported cars is determined by multiple factors, not a tariff. The comprehensive tax on imported cars includes tariffs, consumption tax and value-added tax. The consumption tax is still set according to the displacement. For example, the displacement is less than 1.0% (including 1.0 liters) and only 1%, while the displacement is 4.0. Up to 40% above. Operation Desk,Operation Desk For Flying Saw System,Operation Controlling Table,Controlling Working Desk Jiangyin Lingji Automation Equipment Co., Ltd. , https://www.lingjimachine.com
â—Ž As early as 1986, China's automobile displacement was used as the tariff levy standard. The import tariff rate of fuel cars with a displacement of 3.0L or more was 220%, and the tax rate for vehicles with a displacement of 3.0L or less was 180%.
â—ŽIn 1994, China lowered 105 of the 175 auto tax catalogues. The tax rate for fuel cars with a displacement of 3.0L or more is reduced to 150%, and the tax rate for models below 3.0L is reduced to 110%.
â—Ž In 1997, China once again lowered the import tariffs on automobiles. The tariff rate of imported automobiles with a displacement of 3.0L or more is reduced to 100%, and it is further reduced to 80% below 3.0L.
◎ Many subsequent downward adjustments were made after China’s accession to the WTO. According to the terms of the WTO commitments, the country has repeatedly lowered the import tariffs on automobiles since January 1, 2002. By July 1, 2006, all the commitments to join the WTO have been fulfilled, and the import tariffs on automobiles have been lowered to 25%.
â—Ž It is reported that the further reduction of import tariffs on automobiles is an important consensus reached in the first meeting of the US dollar in 2017, that is, China will gradually reduce automobile tariffs according to its own opening schedule and road map. There is even news that auto import tariffs are likely to fall to 15%.
"After China's accession to the WTO, the gradual reduction of tariffs is an established policy. It is necessary to be clear that opening up the market is not only to fulfill promises, but also to be open to others, but to be an autonomous act and an initiative to open up." Bai Ming, deputy director of the Institute of International Market Research, said, "China has become the world's number one new car production and sales country for many years. Its strength is not the same as before. The competitiveness of its own brand market is also constantly improving, and gradually reducing import tariffs. It is also a national car for the nation. Industrial confidence."
Bai Ming also believes that in a global perspective, only openness can achieve optimal allocation of resources. Openness is mutual. Only when you open up yourself, will you be more emboldened when you ask others to open up. The ultimate goal is to achieve Win more.
â–¶Important imported cars have little effect on the market pattern
At the monthly information conference of the China Automobile Dealers Association, Wang Cun, director of the Import Vehicle Committee of the China Automobile Dealers Association, released data on automobile imports in the first 11 months of 2017. The data shows that from January to November 2017, the total number of imported automobiles was 1.102 million, a cumulative increase of 18.2%. It is estimated that the annual import volume of automobiles in 2017 will be 1.2 million.
According to Chen Haifeng, deputy director of the Automotive Logistics and Post-Market Policy Research Office of the China Automotive Industry Center, the gradual reduction of automobile import tariffs is a positive for the imported car market. "Now many auto companies and importers of imported cars are very concerned about this matter. The reduction of tariffs will definitely increase the market competitiveness of imported cars." Chen Haifeng said, "In addition, it will have an impact on the strategy of multinational auto companies, such as some imports. Whether the models need to be localized, especially for some niche models, may not be considered for domestic production, but sold directly by means of imports."
Is it good for imported cars, then will this affect the pattern of the Chinese auto market? Chen Haifeng believes that the gradual reduction is a gradual process that will not have a significant impact on the existing market structure. The displacement of imported cars is often relatively large, generally more than 2.0L models, the number of small displacement cars is not much, the price is more than 200,000 yuan, and the domestic special brand models, most of the displacement is 2.0L Below, the price is also below 200,000, so there is no direct competition.
â–¶ price factors determine that consumers may not benefit
Some analysts believe that if the tariff on imported cars will drop by 10 percentage points, it will drop from the current 25% to 15%. Then a imported car of about 700,000 yuan, the price reduction is about 40,000 yuan. However, this analysis does not take into account the actual situation, there is a misunderstanding of understanding.
In Lin Mingjun's view, the import tariffs on automobiles are reduced. The good is the dealers. The cost of buying imported cars will decrease, the profits of dealers will increase, and the price to consumers will be determined by the relationship between supply and demand. "For example, Toyota's imported car Elfa, sales are hot, dealers increase the price by 200,000, consumers are still difficult to find a car, car import tariffs decline, do you think he will increase the price, add 100,000 or 150,000 to sell? ?Certainly not."
In addition, the price changes of imported cars and exchange rate changes and the replacement of models are closely related. "A change in the exchange rate one day may cause the cost of dealer purchases to fluctuate by one or two thousand yuan. If a new replacement model is about to be launched, the price of the old model will drop a lot." Lin Mingjun said.