The government introduced taxation policies to reduce the foundry industry

Castings are metal-molded articles obtained by various casting methods. That is, the smelted liquid metal is poured into a pre-prepared mold by casting, injection, inhalation, or other casting method. After being cooled, it is dropped, cleaned and after Treatments, etc., resulting objects with a certain shape, size and performance.

In recent years, the vast and growing demand at home and abroad, resulting in the current casting industry in China, especially stainless steel hardware castings favored. Industry experts Luo Baihui summed up two major reasons: First, with the continuous improvement of China's economic status and the continuous development of China's casting industry, metal casting products are increasingly exported to other countries, and the increase in overseas demand has directly driven China's castings. The production output of manufacturing companies increases. Second, high quality won the world, and the improvement of the quality of domestic hardware casting products is also an important reason for its increased demand.

At present, China's metal casting industry is booming. Only by vigorously developing science and technology and striving to occupy high-end technology, independent research and development technology and use rights can provide a solid market foundation for the development of the casting industry. This is also the key to the development of the casting industry.

In recent years, the Chinese government has successively introduced a series of policies to vigorously support the development of the domestic die-casting and foundry industries. For example, the government can simplify procedures, reduce links, and implement “uninterrupted” services for administrative approval of new die-casting projects; In the die-casting industry of industrial policy development, especially in the aspects of circular economy, safe production, environmental protection, clean production and energy saving, the government has granted preferential tax concessions to reduce the burden on enterprises and promote the development of enterprises. In addition, the government has jurisdiction over the area. The financial institutions conduct macro-controls to encourage and support local die-casting and casting enterprises. With these policies as a basis, China's die-casting industry will surely achieve stable and long-term development in a rapidly changing market environment.