Raise Export Rebates, Xiamen Textile Enterprises Reduce Hundreds Of Millions Of Losses
In recent days, Xiamen textile enterprises have been applauding. It turned out that the export rebate rate of textile and garment products was raised to 17%, which has been approved by the State Council. However, the Xiamen textile industry association still appealed to the government to start at least 500 million of the funds to provide financing guarantees for textile enterprises affected by the financial turmoil to help them survive the winter.
退稅回調助紡企過冬
In July 31st this year, China raised the export rebate rate from 11% to 13%, and then raised to 14% in October 21st. With this adjustment, the export tax rebate rate of textile industry has reached the highest level in history.
Statistics show that the main points of Fujian textile export are Xiamen, Quanzhou and Fuzhou. The proportion of the total exports of the three cities in the first half of the year is 49.1%, 23.7% and 17.3% respectively. Compared with the same period last year, Quanzhou and Fuzhou increased by 27.9% and 12.5% respectively, while Xiamen dropped by 4%. Xiamen's textile exports are also expected to decline in the second half of the year.
Ye Xiangyang, general manager of the company, said that the 3 point of the tax rebate callback will reduce the export Xiamen textile enterprises by several billion. It can be said that in the case of callback to 17%, Xiamen's textile enterprises can basically support it.
融資困難吁政府擔保
Another character of Ye Xiangyang is the vice president of Xiamen textile trade association. Ye said that the return of the tax rebate to the 17% effect can be reflected next year. Now Xiamen's hundreds of home textile enterprises and capital chains are very nervous, and banks are afraid of risk and are afraid to lend them to them.
The first floor of the Xiamen textile trade association appealed to the municipal government to set up a 500 million special fund to provide guarantees to textile enterprises affected by the financial turmoil to help them obtain loans from financial institutions. The fund can be managed by the SME Service Center.
The person suggested that the specific operation can be applied by the enterprise to the SME Service Center first; the SME Service Center set certain conditions for the guarantee object, and provided guarantee for eligible enterprises, that is, the center promised to the financial institutions that when the borrower failed to repay the loan overdue, he guaranteed to pay the unpaid part which was not less than 90%.
Editor: vivi
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