2/3 Of The Textile Industry Is Losing Money Or Losing Money.
Industry status: before 2008, October, China Textile and clothing export The growth rate was the lowest in 6 years.
At present, the average profit margin of textile enterprises above designated size is about 70%, and 0.1% of the textile industry is 2/3.
Trend analysis: with the introduction of a series of policies and measures, it is estimated that the tax burden of textile enterprises will be significantly reduced in 2009, and the adjustment and upgrading of industries will be in the balance.
The export tax rebate rate is raised to improve profitability. The executive meeting of the State Council has clearly stated that the export rebate rate of textile and clothing will continue to be appropriately raised. In 2008, the export tax rebate rate was raised by 3 percentage points, and the tax burden of textile enterprises was reduced by about 8000000000 yuan in the year.
According to the China Textile Industry Association, the tax rebate rate has been basically converted into the real income of enterprises. In 2009, if the export tax rebate rate continues to rise, the profitability of textile enterprises will be improved to a greater extent.
Capital pressure has eased. The state has clearly suspended the implementation of processing trade restrictions to ensure the pfer of gold and Taiwan accounts. Insiders estimate that this policy is expected to liberate textile enterprises in 2009 by about 6 billion yuan and improve their cash flow difficulties.
The effect of VAT reform will gradually appear. Since January 1, 2009, the revised VAT pformation plan has been implemented.
After adjustment, the cost of equipment purchased by textile enterprises will be greatly reduced, and the scale of deductible VAT can be increased. The China Textile Industry Association estimates that in 2009, the textile industry could save 6 billion yuan on the purchase of new equipment, which could increase the deductible value added tax by 12 billion yuan.
Policy voice: according to the latest news from the Ministry of industry and information technology, the next step is to formulate a national strategy for the development of clothing independent brands, and take the garment industry as a starting point to promote the overall brand building of China's consumer goods industry.
Editor: vivi
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