One Export Tax Rebate Rumours Made Domestic Textile Industry A Terrified Bird.
In the appreciation of the renminbi,
Labor cost
Under the pressure of rising and credit crunch,
textile industry
Has become a frightened bird.
On the 16 day, the market suddenly heard rumors that the relevant departments of the state have decided to reduce the textile export tax rebate from 16% to 11%.
It is expected to be formally launched in 6-7.
China Chemical Fiber Association Zheng secretary general said, because the export tax rebate reduction needs relevant government departments final notification, but does not exclude exports.
drawback
From 16% to 11%.
Once realized, it will affect the related small and medium scale to a large extent.
enterprise
。
Judging from past experience,
Textile export
The tax rebate may be lowered in July.
But there is little chance of a one-time reduction of 5 percentage points.
Because many textile SMEs export gross profit margin is only 1-2 percentage points.
Once the export tax rebate is reduced to 11%, many of them will lose money or even close down.
Large and medium-sized exporters need to see bargaining power. If the export proportion is above 40%-50%, there will be a certain risk.
In contrast, clothing and domestic companies with channels and brands will be less affected.
Judging from the current situation, the indicators of the textile industry are decreasing.
The export situation is still grim in the second half of this year.
Fu Shi securities (002083) securities affairs representative said that the export tax rebate rate reduction will reduce the profits of enterprises, but this is a national policy, the company should not deal with many ways, and it is not good, so improve product prices, because fear of the loss of orders.
However, it is estimated that the export tax rebate rate will be reduced to 11% at a low rate.
In our view, there is no reason for long-term subsidies to rely on export tax rebates to survive in textile enterprises. China needs more competitive enterprises and foreign customers.
- Related reading
The Export Volume Of China'S Textile Industry Increased By &Nbsp In The First Quarter, And The Proportion Of Domestic Sales Increased.
|Export Tax Rebates Will Be Lowered By &Nbsp, And Textile Companies Worry That Profits Will Be Squeezed.
|Demand Is Not &Nbsp; Industry Chain Profits Shrink; PTA Oscillation Seeks Bottom.
|- Company news | The First One To Set Up Factories In The United States, How Did This Cotton Leading Enterprise Fare Under The Trade Friction?
- News Republic | The Number Of Gap Brands In China Has Reached 200 Breakthroughs For The First Time.
- neust fashion | Milk Tea Air Jordan 4 "Mushroom" Will Be On Sale Soon!
- Fashion shoes | Nike Air Max 97 Shoes New "Green Glow" Color Matching Release
- Fashion brand | Alfa Industrial X EVISUKURO 2019 Joint Series Is About To Debut, Uniform Street.
- Expert commentary | After The Mid Autumn Festival, The Purchase Price Of New Cotton Rises Everywhere To Boost The New Cotton Market.
- Expert commentary | Dye Prices Rose Again, Polyester Raw Materials Decline In The "Golden Nine Silver Ten" Market Is Not Promising.
- Daily headlines | "I Haven'T Been So Happy For Many Years!" See How Honghe Stirred Up The "Initial Heart" Of The Sweater.
- Daily headlines | Saudi Arabia Gives A Timetable For Resumption Of Production. Demand Is Not Strong, PTA And MEG Are Beginning To Shiver.
- Fashion shoes | New Hundred Lun X Bodega Joint Shoes New "No Bad Days" Color Matching Landing At The End Of The Month
- JW Menswear Brand Director Ye Haibin: Leisure Men Wear Deep Tillage Market How To Solve The Problem?
- U.S. Bond Apparel Net Profit In The First Half Increased By Over 600%
- A Small Carton Is 5 Cents Per Kilogram! Who Can Do That?
- In February, The Market Share Of Thermal Underwear Was Released &Nbsp.
- WTO Enters "Australia Wool World"
- CONVERSE Launches 2011 CT AS Premium Hi Shoes
- The Interest Of Raising Capital Affects The Real Business Performance Of The New Gem Company.
- Adidas Released The Lightest Basketball Shoes In History Adizero Crazy Light
- Why Do Consumers Not Discount Without Shopping?
- Anta Makes Full Use Of The Sports Expo To Meet The New Opportunity Of Sports Brand