The Export Tax Rebate Callback Is Still In Research And Decision-Making.

The export tax rebate callback is still in research and decision-making. A tax rebate policy has been going on for more than 4 months, and there is still no result. The industry has been bubbling with excitement, and enterprises are anxiously waiting for it.

First of all, let's review the process before this policy.

In the early March, the chairman of the China Textile Association and the heads of the sub committees led six research teams to Jiangsu, Zhejiang, Shandong, Guangdong, Fujian and Hebei.

The six provinces have concentrated on the most powerful textile enterprises and industrial clusters in China. The purpose of the survey is to find ways to ease the plight of the textile industry.

In April, the China Textile Association research group submitted the conclusions and related policy recommendations to the relevant departments of the NDRC, the Ministry of Commerce, the Ministry of industry and information technology, and suggested that the export tax rebate callbacks for textiles and clothing include textile products from 11% to 13%, and those with high external dependence from 11% to 15%.

Since the beginning of May, the Ministry of industry and information technology, together with the Ministry of Commerce and the Ministry of finance, has begun in-depth investigations and studies on relevant policies.

In mid May, the China Textile chamber of commerce also rushed to Shandong and other provinces to investigate the export situation of textile and clothing, and then appealed to the textile and garment industry to face unprecedented difficulties, hoping that the state would relax its control policy and leave room for the survival and development of enterprises.

The China Textile chamber of commerce also reported the collection and collation of textile enterprises to the Ministry of Commerce.

In June 4th, Li Rongcan, director of the financial affairs department of the Ministry of Commerce, spoke at the general meeting of the Chinese medicine and health products import and Export Chamber of Commerce.

Li Rongcan said that the relevant ministries such as the Ministry of Finance and the State Administration of Taxation will keep the export tax rebate policy relatively stable, and there will be no new export tax rebate motion in the near future.

In July, according to some media reports, the long-awaited policy of callback tax rebate for textile and garment has made breakthrough progress.

Informed sources know that the decision making departments at the top level have adopted and will "wait for the opportunity to introduce" this policy.

In July 1st, in the expectation of textile enterprises and associations, the life-saving policy of "raising export rebates" has not yet been promulgated.

In early July, following Premier Wen Jiabao's visit to Jiangsu and Shanghai, Xi Jinping, vice president of the state, went to Guangdong. Vice Premier Wang Qishan of the State Council went to Shandong and Minister of Commerce Chen Deming to conduct research on Wenzhou and other places. He was also informed that in from July 6th to 7th, relevant leaders of the State Council also came to Wenzhou, and visited private enterprises such as Kangnai, CHINT, Huafeng and Ruili group.

The decision-making level is continuing to investigate the current economic performance.

According to Cao Xuejun, director of the textile and Quality Department of the national development and Reform Commission's Economic Operation Bureau, there are still differences between the various departments in judging the situation of the textile industry.

Secondly, a careful study of the trajectory before the policy can be found that the policy has been pformed into the research of the policy-making department by industry, association and local research, which means that the policy has entered the decision-making stage from the research stage.

But why is the policy going so long and tortuous?

Why do we need to investigate again after entering the decision-making section?

The most likely explanation is that this policy adjustment involves a wide range of decisions.

The reason for the dispute is that if the tax rebates are not repaid, the textile enterprises and foreign trade enterprises will be very difficult this year. They will have a huge impact on social stability, employment and economic development. But if the tax rebates are introduced, it will be related to the policy trend, which will change the original intention of the upgrading of production and structural adjustment, thus affecting the effectiveness of the policy.

And for the textile industry, fundamentally speaking, the industry has entered a high cost era, the development of the industry ultimately depends on structural adjustment.

Finally, I believe that after the decision making department's research, the progress of policy will be accelerated.

However, such a prudent decision-making process means that even if the policy is promulgated, its influence may not reach the expectations of the industry. The government may also adopt a way out of the tax rebate to balance the two sides of the conflict.