Tax Rebate Disrupt The Order For Textile Industry To Pay For It.
From the 1 day of April, the export tax rebate rate of textile and clothing increased from 15% to 16%, although this is the second time that China has raised the export tax rebate rate for textile and garment products in two months, but it is still a step away from the full refund that enterprises expect for many years.
"To tell the truth, this result is quite different from our psychological expectation." Wei Wei, marketing director of Shanghai Xie Da International Trade Co., Ltd., in an interview with the author, said that the export tax rebate rate was "very sudden". I learned in the interview that as the industry generally expected that the export tax rebate rate adjustment will be in place, in this special period, the textile enterprises also rely on the 17% rebate margin to compress profit space to win orders, but now they can not be "optimistic".
16% behind the controversy, the industry has heard a number of rumors, textile and garment export tax rebate rate is expected to rise to 17%, but no result. The export tax rebate rate was raised again in the market, but the speed and quota were unexpected.
"After different arguments from different departments, after several arguments, the State Council finally approved the export rebate rate of textile and clothing to 16%." A person from the Ministry of industry revealed. The source said that the textile industry represented by the China Textile Industry Association continued to raise the export tax rebate by government departments through research and reporting. The Ministry of commerce also made several suggestions at the meeting of the State Council coordination meeting to raise the export tax rebate rate of textile and clothing directly to 17%. However, this proposal has been strongly opposed by the financial sector. They believe that such a adjustment will increase the financial burden if the government deficit increases substantially, and the government will not be able to afford it.
The government may have another consideration, that is, under the current market demand, the government is more inclined to gradually and orderly control, so as to avoid excessive intensity, which will cause the supply capacity of the international market to increase too fast, resulting in a rapid decline in market prices and thus aggravating the burden on Enterprises.
In the interview, many enterprises in charge of textile enterprises say that the rate of export tax rebate is up to be "strange". Historically, the tax rebate rate of 16% is rarely seen. Since last year, the export rebate rate of textile and garment has been increased by 4 small step fine-tuning.
"But in any case, multiple opportunities mean a lot of hope." He believes that the export tax rebate rate increase will not only bring real profit margins to enterprises, but also more importantly, bring confidence. He said that although this part of the profits can not be fully loaded into the company pocket, at least there is bargaining space with foreign businessmen.
It is understood that after getting the exact news of the export rebate rate of textile and garment, many enterprises have adjusted the shipping time in a timely manner and arranged the goods that should have been sold at the end of March in early April, so as to enjoy preferential policies.
Compared with the optimism of most people, Wang Qian, editor in chief of the first textile network, showed great coolness. He pointed out that if the bargaining power of textile enterprises does not increase, they will only rely on raising export tax rebate rate to protect exports, which will largely become a mere empty talk. Moreover, after the export tax rebate rate has experienced a continuous rise, the policy space to further get rid of foreign trade difficulties through export tax rebate is not large enough. "From a policy point of view, the export tax rebate rate can not be continuously improved." Wang Qianjin believes that the next step is to see the market performance, but the possibility that the export tax rebate rate will rise to 17% again is extremely small.
謹(jǐn)防退稅間接補(bǔ)貼外商
"Special attention should be paid to the fact that profits can not be pferred to foreign investors because of the increase in the export tax rebate rate." Wang warned that export enterprises should make full use of this opportunity to increase the added value of products after their profits rise. If we blindly fight the price war just to compete for the market, it will only make the percentage of export tax rebate raised over the years indirectly "subsidized" to foreign businessmen.
Wei Wei told me that China's export tax rebate policy is very pparent now. Foreign businessmen will soon know this policy and will haggle over and ask for profits. "According to previous experience, after the general export tax rebate rate rises, many foreign businessmen will feedback to our company through our salesmen, demanding lower prices and sharing profits." Wei Wei said.
The author noted that in the early March at the China Fair, many textile enterprises had reflected that when the price negotiations were being made, some foreign buyers would normally take advantage of the export tax rebate rate to raise their prices, and finally the only profit point was eaten by foreign businessmen.
"When the Executive Council of the State Council held a decision to increase the export rebate rate of some products, we also firmly believe that the export tax rebate rate of textile and clothing will be raised to 17%. But two days later, a notice from the Ministry of Finance and the State Administration of Taxation sent us to take a breath. Wei Wei said.
It is understood that at the moment, it is the peak season for commodity orders this autumn, winter and even next spring and summer. As most textile enterprises have been expecting the export rebate rate to rise to 17%, in recent orders, in order to keep customers and market share, the textile enterprises have to negotiate with foreign businessmen at 17% export rebate rate, and the price and profit margins have been completely compressed.
Now, the export tax rebate rate has only been adjusted to 16% unexpectedly, which makes many spinning enterprises unable to ride the tiger. Because of the lack of pricing power, spinning enterprises can only digest this part of their own pressure. "We will not renegotiate with merchants, which means that the orders we signed before are almost at a loss." Wei Wei said helplessly. And Shanghai association has the same embarrassing textile enterprises are not few.
Another worry for Wei Wei comes from the rise of international trade protectionism. "When the economic downturn is widespread, China has repeatedly used the export tax rebate policy. We are very worried that the chamber of Commerce and social organizations in Europe and the United States will take this as a handle to protect trade in our textile industry. Wei Wei said. At the same time, the fluctuation of currency exchange rate in emerging market countries is too large, which also makes it difficult for export spinning enterprises to make orders.
Wang Qianjin believes that the textile industry may be too pessimistic with "no worst, only worse". "But at least in the next few months, China's textile exports are still hard to pick up, and the annual export growth rate can be maintained at -10%, which is quite optimistic." The author noted that the textile and clothing trade before the China Trade Fair fell by 3, which is enough to show the weakness of global consumption demand, and the 105th Canton Fair, which is widely concerned by the industry, will be even more tragic.
Editor in chief: Xu Qiyun
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