Table 4.
The impact of the reduction in the VAT rate from 17% to 13% on the output of 42 industries (Change elasticity, unit: 100 million yuan).
| Industry | Original value | Tax reduction | Rate of rise | Pandemic tax reduction | Rate of rise |
|---|---|---|---|---|---|
| Agriculture, forestry, animal husbandry and fishery products and services | 110 119.82 | 111 881.70 | 1.60% | 101 003.36 | −8.28% |
| Coal mining and processing | 21 946.98 | 22 392.56 | 2.03% | 20 893.38 | −4.80% |
| Oil and gas exploration | 11 668.95 | 11 747.87 | 0.68% | 11 063.95 | −5.18% |
| Metal mining and dressing | 11 627.57 | 11 825.97 | 1.71% | 11 098.32 | −4.55% |
| Mining and dressing of nonmetallic and other minerals | 9004.62 | 9133.13 | 1.43% | 8601.03 | −4.48% |
| Food and tobacco | 126 235.04 | 128 346.92 | 1.67% | 115 489.10 | −8.51% |
| Textile | 37 840.04 | 38 716.87 | 2.32% | 36 121.44 | −4.54% |
| Clothing, Shoes, Hats, Leather, Eiderdown and its products | 37 733.23 | 38 359.04 | 1.66% | 35 336.00 | −6.35% |
| Wood products and furniture | 25 620.70 | 25 977.37 | 1.39% | 24 444.70 | −4.59% |
| Paper making, printing and sports goods | 39 356.98 | 40 102.86 | 1.90% | 37 227.76 | −5.41% |
| Petroleum, Coking products and Nuclear fuel | 37 647.91 | 38 352.48 | 1.87% | 35 753.17 | −5.03% |
| Chemical products | 149 035.93 | 151 647.53 | 1.75% | 141 434.28 | −5.10% |
| Nonmetallic mineral products | 64 931.72 | 65 471.84 | 0.83% | 61 975.53 | −4.55% |
| Metal smelting and rolling | 104 592.24 | 105 990.33 | 1.34% | 99 563.54 | −4.81% |
| Metal products | 42 914.21 | 43 415.48 | 1.17% | 40 756.71 | −5.03% |
| General equipment | 45 155.86 | 45 543.29 | 0.86% | 42 715.83 | −5.40% |
| Specialized equipment | 34 923.44 | 35 124.46 | 0.58% | 33 160.78 | −5.05% |
| Transportation equipment | 86 686.14 | 87 617.07 | 1.07% | 81 752.68 | −5.69% |
| Electrical machinery and equipment | 60 271.17 | 60 728.38 | 0.76% | 56 383.99 | −6.45% |
| Communication equipment, computers and other electronic equipment | 96 258.04 | 96 530.53 | 0.28% | 89 639.50 | −6.88% |
| Instrumentation | 8516.05 | 8616.50 | 1.18% | 8100.09 | −4.88% |
| Other manufacture | 3743.44 | 3790.66 | 1.26% | 3534.17 | −5.59% |
| Waste and scrap | 6612.79 | 6659.49 | 0.71% | 6315.52 | −4.50% |
| Metal products, machinery and equipment repair services | 1490.22 | 1511.57 | 1.43% | 1417.65 | −4.87% |
| Production and supply of electricity and heat | 55 563.35 | 56 619.01 | 1.90% | 52 728.31 | −5.10% |
| Gas production and supply | 5421.64 | 5522.12 | 1.85% | 5054.61 | −6.77% |
| Hydraulic production and supply | 2491.01 | 2523.48 | 1.30% | 2312.47 | −7.17% |
| Construction | 228 786.24 | 228 852.12 | 0.03% | 217 404.08 | −4.98% |
| Wholesale and retail | 115 842.43 | 118 075.42 | 1.93% | 109 355.15 | −5.60% |
| Transport, storage and post | 102 548.32 | 104 202.03 | 1.61% | 96 965.35 | −5.44% |
| Accommodation and catering | 38 084.09 | 38 434.15 | 0.92% | 35 347.84 | −7.18% |
| Information transmission, software and information technology services | 56 539.23 | 56 972.69 | 0.77% | 53 329.73 | −5.68% |
| Financial industry | 94 346.62 | 95 558.52 | 1.28% | 88 393.51 | −6.31% |
| Real estate | 78 295.67 | 78 940.17 | 0.82% | 72 734.53 | −7.10% |
| Leasing and business services | 71 793.41 | 73 023.95 | 1.71% | 67 955.02 | −5.35% |
| Scientific research and technical services | 51 056.83 | 51 228.15 | 0.34% | 48 953.25 | −4.12% |
| Water conservancy, environment and public facilities management | 9258.49 | 9227.67 | −0.33% | 8985.17 | −2.95% |
| Residential services, repairs and other service departments | 26 962.48 | 27 207.69 | 0.91% | 24 838.05 | −7.88% |
| Education | 36 794.95 | 36 523.32 | −0.74% | 34 435.40 | −6.41% |
| Health and social work | 41 531.85 | 41 403.13 | −0.31% | 39 535.45 | −4.81% |
| Culture, sports and entertainment | 13 720.90 | 13 726.65 | 0.04% | 12 865.51 | −6.23% |
| Public administration, social security and social organizations | 55 604.93 | 54 794.28 | −1.46% | 54 116.89 | −2.68% |