Export tax rebate rate increase or contribute to C

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According to Sankei Shimbun reported that China, the textile enterprises
Comments: In order to reverse the huge trade surplus, July 1, 2007, the Ministry of Finance decided to adjust the textile, footwear, ceramics and their products, 2831 products export tax rebate policy, these products account for all goods in the Customs Tariff 37% of the total. After a year of practice, in exports, due to tight domestic and international economic environment and other factors produce additive effect, so that China's export situation is facing serious challenges. In the first half, China's exports grew 21.9%, an increase over the previous year down 5.7 percentage points, if they consider internal devaluation of the yuan has appreciated against the U.S. dollar and the major factors, real export growth declined rapidly.
Export growth fell sharply in the case of many export-oriented enterprises have decreased significantly, and some even fall into the red. At present, many companies only temporarily to sacrifice profits to keep the hard-won market share, this situation is unlikely to be long-term maintenance.
The RMB against the U.S. dollar appreciated 6.6 percent in the first half of this year and other factors, the first half of this year,personalized caps, a significant reduction in exports of textile industry, many companies the verge of collapse. Recently, the State Council in Jiangsu,cloth headbands, Zhejiang, Shandong, and intensive research, and this is one important reason for intensive research is clearly this year,promotional clothing, the textile and garment export of data has continued to decline, the long-term export-dependent Chinese economy , this is undoubtedly a remarkable signal. statistics show that in May the month of China's textile and garment exports $ 14.43 billion, an increase of 9.7%, lower than the growth rate of January-May total of 5.7 percentage points, plus the larger costs, the profits of export enterprises in clothing shrunk severely.
Learned, textile export tax rebate rate may be increased 2% to 13%; garment export tax rebate rate will increase 4%, the main raw material of viscose fiber textile exports may increase 10 percent from the current 5% to 15 percent.
China's textile industry is mainly small and medium enterprises. a total of more than 80,000 textile enterprises, SMEs 66000. So, once raised the policy announcement, benefit most are small and medium textile enterprises.

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