The Ministry Of Industry And Commerce Is Studying New Policies To Support The Textile Industry.

2008/8/19 16:29:00 19

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Recently, Zhu Hongren, director of the Bureau of operation and coordination of the Ministry of industry and information technology, publicly stated that following the increase in the export tax rebate rate of textile and clothing in the previous period by 2%, there are still some policies and measures that are being formulated in the process of research, including credit, taxation, support for small and medium enterprises, and the encouragement of enterprises' independent innovation.

"At present, the textile industry is facing three major pressures: the first is RMB appreciation, and the second is the rise in labor prices. In the case of economic downturn and rising costs, the shortage of funds ranks third."

Li Zhixian, an analyst of Guotai Junan textile and garment industry, said in an interview with the daily economic news that the first two factors are the trend of the times and are difficult to change. Relatively speaking, with the support of the government, the funds may be eased.

Recently, the central bank has the conditions to relax the credit scale of about 230 billion yuan, mainly to small and medium enterprises, to ease the financing difficulties of SMEs.

Specifically, the four state-owned commercial banks and joint-stock banks increased their loans by 5%, for special loans such as small and medium-sized enterprises, and local financial institutions such as city commercial banks increased by 10%, mainly for SME loans.

But the industry is not optimistic.

It is hard to say whether Li is good at textile and garment industry.

This is because banks have the right of autonomy and are poor and rich. Taking into account the risk of loans, the yardstick will be grasped by banks.

Zhao Meiling, an analyst at Anxin securities textile industry, said that the vast majority of the textile and garment industry is small and medium-sized enterprises. Although the credit scale of this increase has additional conditions, the loans to small and medium-sized enterprises that are really short of money should not be too large. Most SMEs in the industry still have difficulty obtaining loans from banks.