Source: Zhuo Chuang Information
Manufacturing VAT decreased from 17% to 16% from May 1, 2018
From May 1st, 2018, the value-added tax rate of manufacturing and other industries fell from 17% to 16%; the value-added tax rate of goods such as transportation, construction, basic telecommunications services and agricultural products fell from 11% to 10%. For papermaking enterprises, the tax burden of enterprises has been alleviated to a certain extent, the financial pressure has been alleviated, and the pace of development has been accelerating.
Central Environmental Protection Inspector "Looking Back" to promote in batches
From May 30th to July 7th, 2018, six central environmental protection inspectors conducted central environmental protection inspectors in Hebei, Henan, Inner Mongolia, Ningxia, Heilongjiang, Jiangsu, Jiangxi, Guangdong, Guangxi, Yunnan and other 10 provinces. Look at it, and simultaneously arrange special environmental protection inspectors in related fields.
The Ministry of Ecology and Environment announced on October 29, 2018 that the second batch of central ecological environmental protection inspectors "reviewed" will be fully launched in recent days, to Shanxi, Liaoning, Jilin, Anhui, Shandong, Hubei, Hunan, Sichuan, Guizhou, Shaanxi, etc. The province carried out “reviewing†inspectors to work.
The Central Environmental Protection Inspector's "Looking Back" inspection team focused on the rectification of the first round of inspectors' feedback problems, focusing on the problem of rectification and ineffectiveness, and severely investigated and dealt with formalism and bureaucracy in the field of ecological environmental protection such as perfunctory rectification, surface rectification, and pretend rectification. Judging from the operation of Zhuochuang's monitoring market, this policy will have certain impact on the production and operation of domestic household paper manufacturers. In some areas, the rectification of non-compliant paper enterprises has been shut down.
"2+26 city" autumn and winter air pollution control is prohibited to adopt a "one size fits all" approach
The Action Plan for the Comprehensive Management of Air Pollution in the Autumn and Winter of 2018-2019 in Beijing, Tianjin and Hebei and the Surrounding Areas was officially released on September 18, 2018. It is worth noting that this year, the unified ratio of limited production and production has been abolished, and the production of peak production of industrial enterprises will be promoted according to local conditions. The "Proposal" clarifies that the implementation of differentiated peak production is prohibited, and it is strictly forbidden to adopt a "one size fits all" approach. The flexible implementation of the policy has made it possible for the paper-making enterprises in the regions to start working normally.
The China Securities Regulatory Commission: approved the pulp market futures trading from November 26, 2018
Chang Depeng, spokesperson of the China Securities Regulatory Commission, said on October 26, 2018 that the China Securities Regulatory Commission had officially approved the pulp futures trading conducted in the previous period. The contract was officially listed on November 26. On November 7, 2018, the trading time of the pulp contract in 2018 was revised to November 27.
Futures trading will have an impact on market liquidity and price changes. Futures and spot linkages are strong, and the correlation between coniferous pulp and broadleaf pulp spot prices is significant. Wood pulp (coniferous pulp, broadleaf pulp) is related to household paper. The absolute value of the coefficient is above 0.8, and the change in the price of the pulp futures market will affect the entire wood pulp spot market and the tissue paper market. In the previous period, the price limit was ±3% of the settlement price of the previous trading day. At present, it effectively solves the impact of excessive price fluctuations on the household paper industry.
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