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The Textile Industry Appeals To The Government To Rescue The Market And Look For A Good Policy Environment To Tide Over Difficulties.

2008/4/22 16:03:00 30

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The Textile Industry Appealed To The Government To Rescue The Market And Hope For A Good Policy Environment.

On the morning of 18 th, the foreign trade department of the Ministry of Commerce convened a symposium on textile export enterprises in Spring Fair 2008 at the Liuhua Hall of the Canton Fair. Many participating enterprises expressed the hope that the government would give a favorable policy environment to help enterprises tide over difficulties.

In the first quarter of this year, China's textile and clothing exports totaled US $37 billion 444 million, which was 19.44% higher than that of the same period last year. The textile exports amounted to US $14 billion 243 million, up 28.08% over the same period last year, and clothing exports reached US $23 billion 201 million, an increase of 14.69% compared with the same period in February.

But insiders predict that the outlook for the textile industry is not optimistic, and this year's growth rate will continue to fall.

Cao Xinyu, vice president of the China Textiles Import and Export Chamber of Commerce, predicts that in 2008, China's textile and clothing exports will show a trend of high before and after low. The annual export growth rate is expected to be around 13%, which is 5 percentage points lower than that of last year's 18.88%.

Enterprises hope to introduce supportive policies.

Wang Yongli, deputy general manager of Guangdong silk (Group) company, said that the most important concern of business representatives was still "old three": labor costs, appreciation of the renminbi and rising cost of raw materials.

Hubei Meyer official said, the participating enterprises have expressed great pressure, textile and garment enterprises export "severe winter" coming, hope that the relevant departments of the state can give some support policies as early as possible.

Senior industry analyst, the first textile network editor in chief Wang Jin Qian believes that through the preliminary study of the six provinces of the China Textile Association and the related trends of the Canton Fair, we can see that the general direction of the country's policy of moderately supporting the textile industry has been clear, and the purpose is to prevent the textile economy from adjusting too fast, too fast and wide.

The focus of supporting policies is likely to fall on small and medium-sized textile and garment enterprises.

He believes that specific policies can consider appropriately restoring the export tax rebate rate for textiles and clothing, or cancelling the deposit system on the processing trade policy, or solving the difficulties through tax relief for enterprises, so as to maintain the international competitiveness of textile and clothing products against the backdrop of the continued appreciation of the renminbi, prevent the "hard landing" of exports, and help small and medium-sized textile enterprises to spend their structural adjustment pains.