Tax Rebate Up To Three Major "Bad" Textile And Clothing Export Haze Is Not Scattered

Although the export tax rebate rate of some textile and garment products has increased from 11% to 13%, facing the still unfavorable internal and external environment, Chinese textile enterprises are still exploring the way to break cocoon.

The export rebate rate of some textile and garment products increased from 11% to 13%.

The impact of tax rebate is limited.

The export tax rebate rate increased, most of the textile enterprises response is: although good, but the impact is limited.

Wang Yongli, deputy general manager of Guangdong silk textile group, told reporters that after the tax rebate was raised by two points, the value of one dollar per export product would probably be more than 13 Fen yuan. Although it could temporarily alleviate the pressure of losses, the export prospect of textile and clothing is still worth worrying because of the superposition of export negative factors.

A senior textile analyst said that in the first half of this year, China's textile and clothing exports grew by only 9.69% over the same period last year, an increase of 7.28 percentage points lower than that of the same period last year. The main reason is the continued appreciation of the renminbi, the intensification of the sub-prime mortgage crisis and the increase in costs. As long as the environment does not change, the new tax rebate policy will be difficult for enterprises to benefit for a long time.

Although compared with the earlier request of the textile enterprises to increase 4% (back to the level of the former 15% tax rebate for export tax rebates), the 2% increase is not enough to cause the industry to quench thirst, but Wang Jie, editor in chief of China's first textile network, said that most enterprises, especially small businesses facing positive difficulties, showed positive emotions, because they understood that the symbolic significance was greater than the actual significance, indicating that the state did not abandon the textile industry.

　　會否“補貼”了國外采購商？

Guangzhou city tax bureau recently said that after the export rebate rate of some textiles and garments was raised, more than 1000 export enterprises in Guangzhou benefited, involving an export amount of more than 4 billion dollars.

Due to the lack of the right to price, in the field of textile and garment exports, the profits from export tax rebates in the past have already been presented to foreign buyers in many rounds of competition. Therefore, some people say that export tax rebates are actually subsidized to foreign purchasers.

"We have strict demands on all the enterprises under the group, and will never let the buyers make a price."

However, there are also analysts say that the Chinese textile industry (000902, stock bar) has a high homogeneity in textile industry. Everyone is committed to expanding the scale of export, leading to the fact that export enterprises do not have the advantage in bargaining power. Therefore, the preferential tax rebate increase may not be fully enjoyed by domestic enterprises.

　　美國市場需求仍是關鍵

The main market of Guangdong's textile and clothing exports is in the United States. Whether it can stabilize or decline will depend on whether the US demand can be warmed up.

According to statistics, the demand for subprime loans was weak, and Guangdong's exports to the United States dropped by 27.3% in 1-6 months.

It is understood that the US "restrictions on some Chinese textiles" expire in December 30th this year.