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    Textile Industry'S Export Tax Rebate Rate Rises, Hebei Enterprises React Coldly

    2008/8/30 15:53:00 25

    Export Tax Rebate For Garments And Textiles Hebei

    Since August 1st, the export rebate rate of some textiles and garments has increased from 11% to 13%.

    This news is undoubtedly a big "positive" for our textile enterprises in the doldrums.

    But surprisingly, the textile enterprises in the province responded coldly.


    Yue Li, general manager of Hebei Oriental Beauty Home Textiles Co., Ltd., said: "the increase can certainly be said to be good, but our exports only have 1 or 2 items to enjoy the new policy, which accounts for a small proportion of the total volume."

    Zhu Hulin, manager of Hebei Ningbo Textile Group, which has a large volume of textile exports in the province, told reporters: "the export of flannelette has not been basically raised, and the proportion of khaki cloth that can enjoy the new tax rate is relatively small, which is only a drop in the bucket for the enterprises, and it is hard to offset the pressure brought by the appreciation of the renminbi.

    "If the rate of RMB appreciation in the first half of the year, the profit of about 1 months and 2 percentage points will be compressed."

    Many people believe that the impact of unfavorable factors such as the appreciation of the renminbi and the rising cost of raw materials is still accumulating in the short term. The 2 percentage point of the callback is hard to offset these negative effects.



    Since the beginning of this year, the overall situation of the textile industry in our province has worsened. The 1035 textile integrated enterprises in the whole province have achieved 31 billion 100 million yuan in industrial output value in 1-5 months, an increase of 16.36% over the same period last year, with a total profit of 1 billion 367 million yuan, an increase of 14.24% over the same period last year, an increase of 4 over the same period last year, a loss of 15.27%, and a total loss of losses of 250 million yuan, an increase of 65.75% over the same period last year.



    The former textile provinces are now hard to find.

    In 1-6 months, the export value of the textile enterprises in the province reached $1 billion 231 million, an increase of 15.47% over the previous year, of which 516 million of textile exports and 715 million of clothing exports.

    In the same period, the total exports of the country amounted to 96 billion 440 million US dollars, and our province accounted for only a little more than 1%.



    Geng Shuping, Secretary General of the Provincial Textile Industry Association, believes that the development environment of our textile industry has been bad.

    From the tax perspective alone, Hebei is higher than other provinces and cities, cities are higher than rural areas, state-owned enterprises are higher than private enterprises, and large enterprises are higher than small ones.

    Some textile enterprises have struggled on the edge of losses for a long time. They have neither capital nor strength to carry out structural adjustment and industrial upgrading.



    Textile industry experts analysis, many factors that cause industry difficulties are difficult to change in the short term. If the national macro-control policies do not make any adjustment, it is estimated that the cotton textile enterprises in the second half of next year will probably have more than 60%-70% loss in the first half of the year, and a large number of small and medium-sized enterprises with large production management and backward technology will be closed down.



    In view of the difficult situation, some textile enterprises in our province have stepped into or ready to intervene in real estate, trade, finance, mining and other fields.

    "In the long run, textile enterprises still need to improve the production efficiency and upgrade the product structure to meet the severe market situation at home and abroad, and to survive and develop."

    Geng Shuping said.

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