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Cancel the qualification of foreign exchange supervision
Why does Taiwan Province's trade surplus with the mainland, the most effective agreement between the two sides, bring tangible benefits to the two sides? Since June 2008, the two associations across the Taiwan Strait have resumed consultations on the basis of the "92 * * * * Understanding", held 1 1 talks successively, and signed 23 agreements, covering cross-strait economic and trade, air navigation, combating crime, food safety, medical and health care and other fields. Last August, ARATS President * * said, for example, that cross-strait air passenger flights have reached 890 flights per week, and the total number of mainland residents visiting Taiwan has exceeded120,000, which has effectively boosted the domestic demand market in Taiwan Province Province and brought development opportunities and economic benefits to many industries on the island. More than 10000 cases of cross-strait police cooperation in cracking down on telecom fraud have accumulated. By the end of June, 2065438+2005, the accumulated goods imported from Taiwan Province Province enjoying ECFA tariff preference reached US$ 4165438+700 million, and the tariff was reduced by RMB15.37 million. There are many products directly benefited by small and medium-sized enterprises and people in Taiwan Province Province, such as fresh agricultural products, processed agricultural and sideline products, auto parts, household appliances, underwear, luggage and so on.

What is the export surplus of Taiwan Province Province to the mainland in 20 14 and 20 15 years? 11600 million dollars are imported. Don't listen to the crooked liar in Taiwan Province Province. If it is produced in China, it is regarded as a processed product, and only those sold in China are regarded as imports. The logic of fraudsters in Taiwan Province Province is to earn your money and be grateful. In addition, the deficit between Taiwan Province Province and Japan is 97.3 billion.

Why does Chinese mainland have such a big trade deficit with Taiwan Province every year? This is because you don't understand the division of labor between the two sides.

Therefore, there is a misunderstanding that Taiwan Province Province had a large surplus with the United States and a large deficit with Japan in the past. The greater the surplus with the United States, the greater the deficit with Japan, which cannot be improved. Why? Because Taiwan Province Province imports machinery from Japan, and semi-finished raw materials are processed in Taiwan Province Province and sold to the United States, there is no deficit with Japan, so there is no surplus with the United States. The situation in mainland China is somewhat similar to that in Taiwan Province Province. Many Taiwanese businessmen have set up factories in the mainland, and machinery and upstream raw materials all pass through Taiwan Province Province, so Taiwan Province Province will have a surplus with the mainland at this stage. Raw materials are shipped to the mainland, manufactured by mainland workers and factories, and sold all over the world. Chinese mainland will have a surplus with the world. Why does Chinese mainland have so many trade deficits with Taiwan Province Province every year?

Therefore, there is a misunderstanding that Taiwan Province Province had a large surplus with the United States and a large deficit with Japan in the past. The greater the surplus with the United States, the greater the deficit with Japan, which cannot be improved. Why? Because Taiwan Province imported machinery and semi-finished raw materials from Japan and sold them to the United States after processing in Taiwan Province Province, there was no deficit with Japan, so there was no surplus with the United States. The situation in mainland China is somewhat similar to that in Taiwan Province Province. Many Taiwanese businessmen have set up factories in the mainland, and machinery and upstream raw materials all pass through Taiwan Province Province, so Taiwan Province Province will have a surplus with the mainland at this stage. After the raw materials are shipped to the mainland, they are sold all over the world by mainland workers and factories, so Chinese mainland has a surplus with the world. Is there any foreign exchange control in Taiwan Province Province? Taiwan Province Province has no foreign exchange control.

1987 In July, Taiwan Province Province "* * *" officially announced the cancellation of the long-standing foreign exchange control since 1949, and disclosed the relevant details, that is, anyone can buy and sell foreign exchange freely in the market.

The public is allowed to hold all foreign exchange income, and can use these foreign exchange to directly and freely invest in overseas capital markets such as real estate and securities. The abolition of foreign exchange control will make it possible for Taiwan Province Province to become a new financial center in Asia and a potential competitive force in the financial centers of Hongkong and Tokyo. Taiwan Province's foreign trade surplus for eleven consecutive years, 1986 trade surplus15.5 billion US dollars.

Taiwan Province's economic and trade liberalization began in the mid-1980s. In addition to reducing tariff control and actively opening up the domestic market, it is also manifested in major economic and trade decisions such as canceling foreign exchange control and opening up foreign investment.

Extended data

Basic model of foreign exchange management

1. Control of export foreign exchange income

In export foreign exchange control, the most stringent requirement is that exporters must sell all foreign exchange income to designated banks at the official exchange rate. When applying for an export license, the exporter shall fill in the price, quantity, settlement currency, payment method and payment term of the exported goods and submit the letter of credit.

Two. Foreign exchange import control

The control of imported foreign exchange usually shows that importers can only buy a certain amount of foreign exchange at designated banks approved by various authorities. The foreign exchange bureau decides whether to approve the importer's application for foreign exchange purchase according to the import license. In some countries, the procedure of approving foreign exchange imports is carried out at the same time as issuing import licenses.

Three. Non-trade foreign exchange control

Non-trade foreign exchange involves all kinds of foreign exchange receipts and payments except trade receipts and payments and capital input and output. The control of non-trade foreign exchange income is similar to the control of export foreign exchange income, that is, it is stipulated that the relevant units or individuals must sell all or part of foreign exchange income and expenditure to designated banks at the official exchange rate.

In order to encourage people to earn non-trade foreign exchange income, the state may implement some other measures, such as the implementation of the foreign exchange retention system, allowing residents to open foreign exchange accounts in designated foreign exchange banks for personal labor income and currency brought in, and exempt from interest income tax.