On May 22, the Ministry of Finance announced that my country's automobile import tariff will be lowered.
Starting from July 1, 2018, import tariffs on automobile complete vehicles and parts will be reduced. The tax rates of 135 tax numbers with a tax rate of 25% and 4 tax numbers with a tax rate of 20% were reduced to 15%, and the tax rates of 79 tax numbers with a tax rate of 8%, 10%, 15%, 20%, and 25% of automobile parts were reduced to 6%. After the tax cut, the average tax rate for complete automobiles in in my country is 13.8%, and the average tax rate for parts is 6%.
The Ministry of Finance stated that the reduction of automobile import tariffs is in line with the actual situation of my country's automobile industry, and will help promote supply-side structural reform, promote the structural adjustment and transformation and upgrading of automobile industry , guide the quality and efficiency of automobile products, enrich the domestic market supply, meet the diverse needs of the people, and bring a richer and more affordable consumer experience to domestic consumers.
As soon as the country makes this move, foreign auto companies must open champagne to celebrate. For Chinese consumers, more choices and more affordable prices are also a good thing. However, for domestic automobile companies, lowering automobile import tariffs will undoubtedly bring huge challenges.
As we all know, China's automobile industry developed later than Western countries. When it first started, it had a very big gap with the international advanced level, and the international competitiveness of the products was weak. high tariffs are to avoid the domestic automobile industry being impacted by imported cars earlier, and to attract multinational automobile companies to seek cooperation in investment and factory establishment, and to a certain extent promote the development of the domestic automobile industry. Therefore, the protection of high tariff policies has always created a relatively good development environment for the development of China's domestic automobile industry.
After nearly two decades of development, domestic independent brands have already had the ability to resist the suppression of multinational brands, and more and more independent brands have begun to call for lower import tariffs, hoping to compete with multinational companies at their doorstep. For example, the chairman of Great Wall Motors once said domineeringly: "If cannot defeat multinational companies at your doorstep, how can you develop at other people's doorstep?"
Indeed, born from distress and dying from happiness, the challenge is not only negative impact. The positive and negative impact of automobile import tariff adjustment should be viewed dialectically:
favorable side: ——
△ is conducive to independent brands participating in international competition and promoting the rapid development of my country's foreign trade. After the tariff reduction of
, China will become one of the main battlefields for competition among world automobile companies, and competition in the Chinese automobile market will intensify, which will also require higher performance and quality of automobile products and faster replacement speed. Under moderate international competition, independent brands will be under pressure, and they can also make good use of various domestic and foreign resources to explore the domestic and foreign markets, and participate in international competition fairly.
△ Gradually enhance the international market competitiveness of independent brands and promote the rapid development of independent brands.
The continuous reduction of tariffs has also brought certain pressure to independent enterprises. While establishing itself in the domestic market, automobiles should increase large amounts of production and reduce costs, actively participate in international competition, and continuously enhance the international competitiveness of independent enterprises, and promote domestic products to the international market as soon as possible.
disadvantages—
△The auto parts market will suffer a blow. After the tariff reduction of
, globalization of parts procurement is the general trend. Vehicle companies usually conduct global procurement in the global market to minimize costs. The domestic parts industry is small and relatively scattered, which puts them at a disadvantage in the global market.
△ to a certain extent slows down the speed of my country's introduction of foreign-invested enterprises. The reduction of tariffs on
will make it relatively easy for foreign goods to enter the domestic market, which may lead to foreign companies reducing their investment in China's automobile industry.
Guarantee Views
The advantages of lowering tariffs on imported cars are obvious. Only with pressure can there be motivation, which is conducive to promoting the structural adjustment and transformation and upgrading of the domestic automobile industry. From a disadvantage, it is mainly necessary to solve the problem of hitting the auto parts market, and domestic auto parts urgently need to be transformed and upgraded to improve international competitiveness.
Baosheng Group has actually done its homework in the research and development and production of automotive parts. As an industrial flagship, 's Zhihui Technology Industrial Park is the first domestic smart terminal touch display product supplier integrating glass cover, touch module , display module, touch module + display module. In the era of new energy vehicles, smart interaction and display screens will increase more and more, and 3D glass has been used in the production of automotive instrument panels. I believe that in the near future, with the efforts of all auto parts manufacturers like Zhihui Technology, Chinese cars will definitely drive to the world!
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