LED financial subsidies: stimulants or opium?

In the face of the economic downturn, the Chinese government to push a new round of stimulus in order to steady growth". In addition to restarting infrastructure investment, stimulating consumption is another key move. Tens of billions of yuan of financial subsidies to the industry, using the name "energy saving" and "Huimin", and the benefit of the industry will usher in a carnival.

Such stimulus policies are often used, but its real consumption pull, the role of economic restructuring, government departments do not make specific assessment, the efficiency of the use of financial resources and supervision can not be talked about.

In fact, in 2008 has introduced a series of industrial revitalization plan, as well as huge financial subsidies, the three projects, the effect is not satisfactory. These financial subsidies, it is possible to boost the thrust of the development of the industry from the original intention, reduced to the spirit of dependence on opium.

"Free lunch"

For home appliances and automobiles and other industries, financial subsidies is a timely rain, because the financial crisis in 2008 when the introduction of financial subsidies just expired, a new round of.

"Over the past few years, we have been thinking about this question: how to cancel the subsidy policy to do?" Konka Group, a marketing person told reporters. This, he felt relaxed.

In May 16th, the State Council executive meeting decided to arrange 26 billion 500 million yuan of financial subsidies, start the promotion with energy saving standard air-conditioning, flat-panel TV, refrigerator, washing machine and water heater, promotion deadline for a year; for 2 billion 200 million yuan to support the promotion of energy-saving lamps and LED lamps; arrange 6 billion yuan to support the promotion of 1.6 liters or less fuel-efficient cars; 1 billion 600 million yuan to support the promotion of efficient motors.

According to a number of industry subsidies have been introduced, the form of subsidies is price subsidies, which is based on the actual transaction price subsidies to the buyer. The price subsidy is the subsidy, the amount of subsidy "covert fill" by the company to advance sales, with sales invoices and related certificates to receive subsidies.

From the point of view, from the beginning of June 1st, consumers buy one or two constant speed and variable frequency air conditioning, flat-panel TVs can enjoy up to 400 yuan subsidy. If the car is old, the highest one can receive 18 thousand yuan subsidy.

In addition to price subsidies, tax relief is another way of consumer subsidies. In the field of new energy vehicles, on the basis of the subsidy policy for the old has launched a new subsidy policy, the new policy, from 2011 to 2020, the purchase of pure electric vehicles, plug-in hybrid vehicles will be exempt from vehicle purchase tax; in such cars, from 2011 to 2015, with hybrid cars will be levied by the vehicle purchase tax, consumption tax and travel tax.

Compared to the "implicit", for energy saving and environmental protection industry, "fill out" effect for industrial development and even more directly to the industrial upstream subsidies.

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