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In this paper, the study of China's steel import and export data , combined with changes in the same period rebate rate , exchange rate, index of steel prices , analysis of the similarities and differences between the impact of changes in the exchange rate and the tax rebate rate on exports . And China's current export tax rebate system, was thinking . Since the second half of 2004 , a full refund of China 's export tax rebate rate from 17% down to 13% , and then gradually dropped to 8% , to 2008 , and even some of the products ( including steel ) dropped to 5% , so that the full abolition of tax rebates . In theory , should dampen the decline of the export tax rebate on China 's exports . But in fact , since taken to reduce the export tax rebate policy , China 's total exports still increased year by year . The same period , China 's exchange rate also increased from 8.26 basic fixed the dollar the way up to about a quarter of 2008 , 7.1 , and theory , the exchange rate appreciation will curb exports , but the appreciation of the exchange rate also did not inhibit the pace of increase in live exports . Many scholars from the refund and exchange rates , the impact on China's exports , and a lot of research in this area , see detailed literature review . These studies , however , are generally through theoretical analysis , and derive corresponding conclusions , there is little specific study conducted in actual market transactions . I believe that , since the overall macroeconomic formed by the sum of the various industries , accounted for a large share macroeconomic separate industry by choosing to study , the economic data to get easier , post-processing and data reduction process , the study draws The result should be more accurate. This paper selects the trade commodity steel, steel export data in recent years as the material , trying to analyze whether the exchange rate and export tax rebate rate of export impact similar . At the same time , due to the selected data are relatively recent analysis of the results of the actual situation there should be some reference value .
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