Joined: 03 Sep 2011
|Posted: Fri Sep 09, 2011 8:22 am Post subject: Why the State to adjust the part of the textile ex
|Ministry of Finance, State Administration of Taxation announced that from August 1, 2008 to adjust some of the textiles, clothing and other goods for export tax rebate rate. part of the textile and clothing export tax rebate rate from 11% to 13%; some bamboo products of export tax rebate rate to 11%.
Analysts believe that this year, weakening the international market demand, the domestic raw material prices, RMB appreciation to accelerate, rising labor costs and other factors superimposed, exports increased operating costs. The increased textile and clothing export tax rebate rate will help alleviate the slowdown in exports of textile industry is facing pressure to ease the tight monetary policy to the part of the enterprise capital shortages, to support the healthy development of SMEs.
Deputy director of the Institute of Fiscal Science, Bai Jingming that the increase of textile export tax rebate rate, can ease the pressure on enterprises to stimulate exports. China's economic dependence on imports is still relatively high, only to ensure the scale of export and foreign exchange reserves growth, in order to maintain the trade surplus to keep import on the basis of the size scale, thus ensuring the normal operation of the economy.
Data according to the first half, China's foreign trade export growth down, import growth accelerated development trend. According to statistics,cloth headbands, China exported $ 666.6 billion during the first half, up 21.9% over last year, down 5.7 percentage points; imports of $ 567.6 billion, an increase of 30.6%, 12.3 percentage points increase. trade surplus of $ 99 billion, representing a decrease of $ 13.2 billion, a decline of 11.8%.
Development and Reform Commission released data showed the first half of the textile industry export delivery value of 365 billion yuan, an increase of 8.5%, down 7.5 percentage points.
to some export enterprises are facing difficulties in production and operation, and some even closed down. Therefore, the state in foreign trade policy to give support and help competitive enterprises out to survive the storm.
Although the state still support the development of SMEs, but Zhuang Jian said that in the long run, companies still need to improve production efficiency, upgrading of product structure and other measures to deal with the situation at home and abroad critical to survive, to survive and development.
Meanwhile, the export tax rebate adjustment is not fully raised, to improve some of textiles, clothing and other goods, while export tax rebate rate, pine nuts, some pesticide products, some organic arsenic products, paclitaxel and its products, resin,personalized caps, silver ,promotional clothing, zinc zero, some paint products, some battery products and carbon anode announced the cancellation of export tax rebate.
This adjustment reflects the decline in export growth in the context, not blindly protect exports, but upheld the principle to maintain pressure. targeted to still support the competitiveness of industries, while the