Financial pressure on plastics industry will rise sharply

    The Ministry of Commerce and the General Administration of Customs jointly issued the 44th Announcement of 2007 on July 23 to announce a new batch of restrictions on processing trade. Industry insiders believe that this directory will lead to a sharp increase in financial pressure on the plastics industry.

    The new batch of processing trade restricted catalogues has a total of 1,853 10-digit commodity tax codes, of which 150 are the tax codes for plastic raw materials and products. Compared with previously published catalogues, the number of restricted commodities has increased by 140, and restrictions have also changed from imports to exports. The person in charge of the Ministry of Commerce pointed out that the main purpose of the adjustment of the restricted merchandise policy for processing trade is to optimize the structure of China’s export commodities, strictly control the export of “two high and one capital” products, and suppress the export of low value-added and low-tech products, reducing Trade frictions promote trade balance and ease the prominent contradictions brought about by excessive foreign trade surpluses.

    The announcement will implement the “Real Transfer” management of the banking guarantee account for the processing of restricted commodity processing trades, that is, the enterprises carry out restricted commodity processing trade. When the contract is filed, they must pay the escrow margin; the company processes the finished product export within the specified time limit. After the formalities for the cancellation of the verification, the deposit and interest are refunded. The "actual transfer" system will drastically increase the financial pressure on companies that process restricted products. According to statistics, in the first half of this year alone, the export volume of plastic products reached 3,661,567 tons, an increase of 4.1% over the same period of last year. Since the margin for restricting export commodities is proportional to the total amount of bonded import materials, the increase in the export volume of plastic raw materials and products will also affect the turnover of the company's capital.

    The current restriction on processing trade imposes differential policies on the eastern and central and western regions: First, the eastern region (including Beijing, Tianjin, Shanghai, Liaoning, Hebei, Shandong, Jiangsu, Zhejiang, Fujian and Guangdong) ) The newly established foreign trade enterprises will not approve the processing and trading of restricted commodities. Second, the processing enterprises of category A and B in the central and western regions will continue to implement the vacancy management of bank guarantee accounts.

    Camping Folding Table

    Characteristics of modern-day folding tables and chairs originated in medieval times, a period from the fall of
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    Bed and Board
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