There Are Signs Of Recovery In Shoe Machines Such As Canton Fair.

The three session of the 107th Canton Fair ended in May 5th.

The Ningbo Fair has 1058 booths, 483 exhibitors and 35 brand enterprises, focusing on Ningbo's superior export industry.

Data released by the General Administration of Customs on 12 may show that exports of major labor-intensive products increased in April.

Experts said that the situation of export decline will continue, but the export of labor-intensive products will gradually narrow.

At the Eleventh China Dongguan international footwear exhibition, shoe machine has become the most striking part of the international shoe exhibition. At present, the shoe industry and the material have emerged as the first signs of recovery when the shoe industry is recovering.

There are indications that the export of labour intensive products will take the lead in recovery.

Then, in the post economic crisis era, why will export of shoes and other labor-intensive products take the lead?

   　　 第一 土豆效應 

When the economic situation is not good, people tend to cut down their consumption expenditure from the top end products, while the demand for basic necessities and low price products is relatively small, and even increase due to the shift of demand for high-end products, that is, the so-called "potato effect".

From 1 to May this year, the total volume of clothing exports decreased by 8.1% compared with the same period in the key export commodities. Footwear exports decreased by 2.2%, significantly lower than the overall export volume.

Among them, clothing exports in May increased by 0.5% from last month, and footwear exports increased by 3.7% over last month.

From the data in May, exports of labor-intensive products decreased significantly compared with the same period last year.

Thus, this year, the "potato effect" of foreign trade has played a more and more obvious role.

   　　第二 政府的有力支持 

China once again raised the export rebate rate of some textiles and clothing from 13% to 14%, and the export tax rebate rate of some toy products increased to 14%. Since December 1st last year, China has increased the export tax rebate rate for 3770 commodities. In January 1st this year, China also increased the export tax rebate rate of some mechanical and electrical products with high technical content and high added value. In February 1st, China's textile and clothing export tax rebate rate increased from 14% to 15%.

In addition to the mention of the export tax rebate rate, in November 5th last year, China also introduced 4 trillion ten measures to pry domestic demand.

It refers to the implementation of the VAT reform in all regions and all sectors of the country, encouraging technological pformation and reducing the burden on enterprises by 120 billion yuan.

In view of the fact that the Fujian government is targeting more SMEs and high dependence on foreign countries, the Fujian provincial finance department has also put forward a provincial unified burden method for implementing the export tax rebate super base.

Whether central or local policies are like a good medicine to cure enterprises, the starting point is not to lighten the burden of enterprises and save enterprises.

It is estimated that the consumption tax will only be reduced by 3 billion 305 million yuan for Fujian taxpayers.