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Shaanxi Lasting titanium Industry Co.,Ltd is a professional manufacturer & exporter for titanium materials in China more than 30 years' successful experience. We offer the largest selection of Titanium Powder, Titanium Ingots, Titanium forgings, Titanium Bars, Titanium Sheets/Plates, Titanium tube/pipes, Titanium fittings and other Titanium Products in a wide range of sizes grades and specifications. There are more than 3000mt all kinds of Titanium and Titanium alloys materials have been exported from us every year.
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Chemical Industry Optimization Structure Orientation
On March 6, during a press conference at the First Session of the 11th National People's Congress, Ma Kai, Director of the National Development and Reform Commission, and Xie Xuren, Minister of Finance, emphasized that China will maintain a prudent fiscal policy this year while consolidating the achievements of macroeconomic regulation. They highlighted that the government will tighten tax policies on high-energy consumption, high-pollution, and resource-based products, while boosting support for energy-saving, environmental protection, and innovation-driven projects. These measures are expected to significantly affect the oil and chemical sectors.
Ma Kai pointed out that over the past five years, the implementation of macroeconomic regulatory policies has yielded positive results. However, current economic challenges require careful attention and effective solutions. He stressed the importance of addressing these issues gradually through targeted policies.
Xie Xuren added that the focus this year will remain on structural adjustments and coordinated development. The government will continue to support technological innovation, promote energy efficiency and emission reductions, and drive industrial restructuring. Specific initiatives include supporting the localization of key equipment, revitalizing old industrial bases in Northeast China, upgrading industrial structures, and developing new industries in resource-depleted cities. Policies on export tax rebates, processing trade, and import tariffs will be refined to suppress the export of "two high and one capital" (high pollution, high energy consumption, and capital-intensive) goods, while encouraging the export of high-value-added products and promoting the import of resources, energy-saving technologies, and critical components.
The reporter noted that macro-control measures have already had a significant impact on the oil and chemical industry. In 2007, China eliminated export tax rebates for 553 "two high and one capital" products, reduced rebates for 2,268 items prone to trade disputes, lowered import tariffs on 511 energy and resource-related commodities, and raised export tariffs on 222 such products. The scope of restricted processing trade items was adjusted, and subsidies were introduced to encourage exports of listed products and technologies. Several outdated production capacities that failed to meet safety and environmental standards or caused resource waste were phased out. These changes affected numerous petrochemical products and construction projects.
In 2008, similar measures will continue to influence the sector. The central government will prioritize funding for energy-saving, emission-reduction, and innovation projects, while increasing loans for SMEs, tech startups, and green initiatives. At the same time, it will strictly regulate financing for "two-high" projects and industries with overcapacity, and limit new developments in these areas.