Chen Deming, Minister of Commerce, said in an interview with Hong Kong and Macao media that, because of the large number of job opportunities offered by the processing trade export industry, all traditional industries, which are small and medium sized, provide a large number of jobs and pollution-free, will be excluded from the regulatory list that must be paid in advance.

The news has aroused great repercussions in the industry. The industry believes that this will enable most enterprises engaged in furniture, clothing, footwear and textile processing trade to come back to life.

Exports of textile processing trade continued to fall

According to the news from the Ministry of Commerce, the new list of processing trade restrictions may continue to be released in the first half of this year, but will not affect more traditional enterprises.

The core content of the new deal in processing trade, which was formally implemented in August 23rd last year, is to further expand the restricted catalogue of processing trade and ledger margin system.

The 1853 commodities were newly included in the restricted list of processing trade, of which 1537 were textile products, accounting for 83% of the total number of new products.

The enterprises that produce these products carry out the management of bank margin accounts, and the export cost is estimated to increase by 30%.

Over the past six months, the impact of tightening trade policy on processing has become clearer.

Since September last year, the export volume of textile and garment processing trade has continued to decline. On the other hand, the profits of large numbers of processing trade enterprises in the Pearl River Delta and Yangtze River Delta have generally decreased and even faced losses.

It is reported that the main enterprises engaged in processing trade are mainly Taiwan, Hong Kong and Australian funded enterprises, accounting for about 6, accounting for 65% of the total number of enterprises in Taiwan, Hong Kong and Australia.

Taking textile and clothing as an example, the proportion of processing trade in China's textile and garment exports has been declining over the years.

Data show that the proportion of textile and garment processing trade in 2003 was 30.73%, and by 2007, the export volume of textile and garment processing trade was 37 billion 718 million US dollars, and its share had dropped to 22.46%.

No new measures to curb exports will be introduced in the near future.

The first textile editor, Wang Qian, believes that the loosening of the processing trade policy is a positive signal for textile and clothing, and even the traditional labor-intensive industries.

No more stringent measures to curb textile exports are expected in the near future.

Wang said that since last year, the government's regulatory measures have forced the adjustment of enterprises, and the pace of adjustment has been pushed too fast.

The collapse of a large number of enterprises is obviously a waste of resources. Policy control should give full consideration to and absorb the views of enterprises, and more guidance should be taken in regulating and controlling methods, less "forced", and actively creating suitable external environment for enterprises to upgrade and optimize their structures.

In addition, after the baptism of intensive policy in 2007, textile and clothing exports in 2008 have a key year in which the policy effect is concentrated.

Considering the rigidity of RMB appreciation and the uncontrollability of costs, this year's situation has been the most difficult in the past ten years.

The "hard landing" to prevent textile exports is a matter of whether the textile industry can smooth through the pformation and upgrading of the "labor pains" situation.

Therefore, the anticipation of this year's policy "surprise attack" will be significantly reduced, and the possibility of exporting "fever reducing drugs" to continue to eat together is becoming less and less.