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Textile Industry Revitalization Rules May Introduce Tax Rebate 17% This Week.

2009/3/19 0:00:00 37

18 PM in CHIC (China International Apparel)

Fashion Expo

2009 press conference, the reporter learned that "textile industry adjustment and revitalization plan" rules are expected to be introduced this week.

Export tax rebate

Will be pferred to 17%.

According to relevant sources, China's move will not cause its national trade barriers.

Financial support for small and medium-sized enterprises has been experimenting all over the place.

Zhong Rongming, deputy general manager of China International Trade Limited by Share Ltd,

financial crisis

Indeed, this year has made some impact on China's international clothing and accessories fair, and some overseas exhibitors such as Japan and the United States have reduced their booths.

However, many domestic clothing enterprises have launched a strong attack. For example, the "seven wolves" brand booth has an area of 1000 square meters, and the leading "Bosideng" of China's down industry is in line with its opening store in the United Kingdom to promote its menswear brand.

Jiang Hengjie, executive vice president of China's international trade, pointed out that

Economic crisis

Next, the state promulgated the plan, mainly supporting small and medium-sized enterprises. The main way out for SMEs is to have their own brands. At present, many textile and garment enterprises focus on the domestic market.

Jiang Hengjie introduced that in February this year, the relevant departments conducted research in all parts of the country, and learned that the biggest problems facing the home textile industry cluster were concentrated on three aspects: difficulty in loans, rising production costs, and reduced orders.

financing channel

We should increase the implementation and support of policies in order to reduce production costs.

In the textile industry revitalization plan recently adopted by the Executive Council of the State Council, the main points include: the export tax rebate rate has been raised to 15%, actively expanding domestic consumption, developing the rural market, cultivating independent brands with international influence, eliminating backward production capacity, promoting industrial upgrading in the eastern coastal areas, increasing credit and other financial support to SMEs.

It is reported that many enterprises reflect the heavy tax burden of enterprises. Therefore, the planning document is likely to promote the export tax rebate to the highest point of 17%, which will greatly improve the short-term profits of export oriented enterprises.

As for financial support for small and medium-sized enterprises, some parts of China, such as Guangxi, have already tried.

Reporters from foreign trade and economic departments understand that as of now, import and export decline in March are less than the 25.7% decline in February exports, imports fell 24.1% decline.

However, the trend of import and export continued to decline has not been improved. It is estimated that the import and export decline in March will still reach two digits, and it is likely to continue to exceed 15%.

Editor in chief: Xu Qiyun


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