· 6 billion yuan energy-saving car subsidy policy can last up to 9 months

Companies that have already entered the seventh batch of catalogues will continue their benefits. Thanks to turbocharging technology, the Volkswagen brand has 13 cars listed, and the self-owned brands have benefited more from BYD and Changan. Each of the three models can continue the policy subsidy. Auto companies such as SAIC and Great Wall are also adjusting their models and hope to enter the next batch of subsidies.

From October last year to May this year, the relevant government departments have been unable to announce a new batch of energy-saving car promotion catalogues, which has raised doubts about whether the subsidy will be adjusted for the subsidy of 6 billion yuan. The official explanation is that the delay in the publication of a new batch of energy-saving car promotion catalogues is due to the time required for corporate declarations and the time required for government departments to measure.

There are also those who are optimistic about the market expectations. In Zhang Xin’s view, it is not too optimistic to estimate the impact of this subsidy on the market. "The specific rules and subsidy time have not come out, the subsidy effect can not hold too high expectations. The small amount of subsidies can not control the car market, the car will buy. In fact, the small amount of subsidies on the bicycle is not as good as the city. The car environment is improving, not simply supporting the car manufacturer."

On May 16, the State Council executive meeting decided to arrange 6 billion yuan to support the promotion of 1.6-liter and below-displacement energy-saving cars.

This is considered to be a continuation of the state's 12 billion yuan special subsidy fund in 2010. After the additional 6 billion yuan, this policy can be continued. The designers of the policy stand at a higher position, and believe that expanding the consumption of energy-saving products can not only stabilize growth, expand domestic demand, but also promote structural adjustment, energy conservation and emission reduction.

The above meeting called for the implementation of the energy efficiency “leaders” system for subsidies including energy-efficient home appliances, and the establishment of higher subsidy standards for ultra-efficient products that meet the “leaders” energy efficiency indicators; Product energy efficiency standards, strengthen the standard's reverse mechanism and lead role.

The growth of the automobile market is still weak. According to most industry insiders interviewed by this newspaper, the subsidy for energy-saving vehicles will inject a strong shot into the auto market. In the short term, there will be many private independent auto brands that will respond in time. .

However, some companies are not optimistic about this policy. A senior executive of a self-owned brand said to the reporter: "For the auto market, the 3,000 yuan bicycle subsidy cannot be used to buy or buy a car. So some companies have standards-compliant models. However, there is no declaration to enter the catalogue. Some companies believe that the profit of models below 1.6L is too low to be involved."

Continue the subsidy for 6 to 9 months?

Since 2010, the state has subsidized energy-saving vehicles below 1.6L. Based on the consumption-oriented and environmental protection considerations of subsidies, the state has increased the subsidy standards in the subsidy process.

In June 2010, the three ministries and commissions of the country launched a number of “energy-saving products for the benefit of the people” project energy-saving car promotion catalogue, all consumers purchase energy-saving vehicles on the catalog (displacement 1.6L and below, 100 km fuel consumption of less than 6.9L) Can get a subsidy of 3,000 yuan / car.

Since then, the relevant departments have released a total of 6 batches of 420 models entering the catalogue. By the end of the policy in October 2011, a total of 3.57 million vehicles were subsidized, and the central government has allocated a total of 10.7 billion yuan in subsidies.

The subsidy standard that was implemented in October last year has been greatly improved. The fuel consumption per 100 kilometers of the catalogue model has been reduced to 6.3L. The technical obstacles have reduced the subsidy range from the previous 420 to 49, accounting for only 11.5 of the original subsidized models. %, and mainly focused on the Volkswagen and GM brands.

"Although the gap is only 0.6L, for many companies, this is a huge threshold," said Zhang Xin, an analyst at Guotai Junan Automobile. A total of 12 companies were selected for the seventh batch of energy-saving automobile promotion catalogues. Among them, there were 2 13 models in Germany's enterprises in China, accounting for more than 1/4 of the total number of finalized models.

“From a standard of 6.9L per 100km fuel consumption to 6.3L, the trend of national policy is very beneficial for companies with advanced technology advantages, such as turbocharging and hybrid technology. It is expected that more policy advantages will be obtained in the future. "A senior executive of a joint venture car with a model that meets this standard said.

Judging from the data already published, the effectiveness of the subsidy policy has been greatly reduced. The cumulative sales of subsidized cars in the first four months of this year was about 620,000, calculated from the subsidy of 3,000 yuan per unit, and a total subsidy of 1.86 billion yuan. In addition to the previous subsidies, the actual subsidy amount has exceeded the original subsidy of 12 billion yuan.

The relevant government departments also hinted earlier that the subsidy policy will not be terminated in the short term. To this end, on May 16, the state added a subsidy of 6 billion yuan. Because it has to fill the previous part of the actual subsidy fund of more than 12 billion yuan, and after the new standard last year, only a batch of catalogue models will be announced in October, and a new batch of models entering the catalogue will be announced soon, and the subsidy will increase. According to the current standard, the subsidy of 6 billion yuan is expected to be subsidized for 6 to 9 months.

Although the specific subsidy rules have not yet been introduced, there have been many speculations. Some industry veterans believe that the current standard is fixed and will not change in the short term. If it is to be changed, it may be the adjustment of the amount of bicycle subsidies.

Stable GDP growth

Car subsidies have suddenly come, and there is a background in the macroeconomic situation. In the first three months of this year, China's GDP grew by 8.1%, not only in the fifth quarter, but also in the fall of market expectations.

Based on the continuation of regulatory policies, the real estate downturn is difficult to change in the short term. Stabilizing GDP growth requires other powerful means, and according to relevant data, the auto industry directly or indirectly drives GDP by nearly 10%.

However, the auto market is also facing an unsatisfactory situation. In the first four months of this year, the cumulative sales of automobiles was 6.42 million units, a year-on-year decrease of 1.3%. The auto industry has dragged its GDP growth.

Relevant data show that 1.6-liter and below displacement cars account for about 68% of total car sales, stimulating consumption in this market, can produce a strong pulling effect. According to data released by Haitong Securities, the 3.57 vehicles that were subsidized in the first phase directly drove nearly 300 billion yuan.

CITIC Securities expects to use the subsidy of 6 billion yuan and the average subsidy of 3,000 yuan per vehicle. The subsidy can drive up to 2 million passenger cars of 1.6 liters and below, which is equivalent to the total sales of passenger cars in 2011. 14%.

Research institutions are quite optimistic about the pulling effect of policies in the depressed market. Shenyin Wanguo released a report that it will stimulate the sales growth of narrow passenger cars to increase by 1-2 percentage points. CITIC Securities is more optimistic: "It is expected that under the policy pull, the growth rate of car sales in 2012 is expected to rebound to more than 7%, and the sales volume of passenger cars will increase by more than 10%."

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