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    Viscose Fiber Tax Rebate Huge Adjustment Of Export Policy Quietly Changed

    2008/7/9 0:00:00 32

      退稅上調可能達10個點

    Recently, this reporter learned from the sources that the textile industry's export tax rebate policy has passed and will be "standby". Yesterday, this reporter has got the news that viscose fiber export tax rebate will be a huge adjustment, up to 10 points, from the 5 points to 15 points.

    According to the news received earlier, textile export tax rebate rate increased by 2 percentage points.

    clothing

    The export tax rebate rate increased by 4 percentage points.

    The industry believes that if the viscose fiber is really rumored, the callback rate will reach 10 points, which will stimulate viscose fiber prices to change to a certain extent, and the profitability of the industry will rebound.

    Statistics show that since last July 1st, the export tax rebate of viscose fiber has been reduced to 5%, China

    Viscose staple fiber

    The volume of exports began to decrease significantly.

    Coupled with the appreciation of the renminbi, the increase in raw material prices and the slowdown in international economic growth, and other factors,

    Viscose staple fiber

    The volume of exports has declined sharply.

    Data from the first textile network show: China's exports in May 2008

    Viscose staple fiber

    6782.69 tons, a decrease of 24.23% over the same period.

    May China

    Viscose filament yarn

    The export volume was 3613.4 tons, a decrease of 1150.5 tons from last month, a decrease of 24.15% compared with last month, but a decrease of 2444.77 tons compared with the same period last year, a decrease of 40.35%, and an export amount of 16 million 693 thousand and 800 US dollars, a decrease of 23.13% over the same period last year.

    Pan Bo, a chemical researcher at United Securities Research Institute, said in an interview with reporters that the decline of viscose fiber mainly came from excessive supply, which led to oversupply.

    Therefore, he believes that the increase in the export tax rebate rate has limited impact on the price of viscose fiber, even if it is short term policy support, it is difficult to change this downward trend.

      企業認為杯水車薪

    Before the industry has been optimistic about the textile export tax rebate callback, in the view of enterprises, is still a drop in the bucket.

    Yesterday, our reporter's telephone line was located.

    Guangdong

    Jiangmen province Sanlian Development Zone's Meili race company.

    The company has an annual capacity of 3000 tons, 70% of its business volume and 30% of its exports.

    Ms. Liao, who is in charge of foreign trade, is reluctant to talk about the current operating conditions of enterprises. But she told reporters: "the callback of 20% will solve the problem of the vast majority of enterprises."

    The price of raw materials is rising, pportation costs are increasing, and the appreciation of RMB is accelerating. All these factors are forcing these small and medium enterprises (market shares) into a predicament.

    The appreciation of the renminbi has made the business worse.

    According to a rough estimate, the company's book loss is RMB 1.28 yuan after the payment of US dollars per dollar for each dollar exported by the enterprise.

    From China Textile Association

    Statistics

    The data is shocking:

    Statistics

    The average profit margin of the whole textile industry is only 3.97%.

    cotton spinning

    The profit margin of the textile industry is 3.93%.

    clothing

    The industry is 4.32%.

    As China's largest export province

    Guangdong

    The cold wind of the textile industry has long been felt.

    Statistics

    Show that

    Guangdong

    Export growth slowed sharply.

      高層調研調整或將加速

    "As a result of the interests of many departments, the document was formally identified at the end of June, but it is not yet released."

    People familiar with the matter told reporters.

    Yesterday, this reporter asked this information about the national development and Reform Commission, the State Administration of Taxation, China Textile Association and other relevant departments, the answer is not received any information about this document.

    Some enterprises said that although they heard the news very early, they did not know why.

    Wenzhou, known as the "wind vane of private enterprises", has recently become the focus of attention.

    In early July, the Ministry of Commerce delegation led by the Ministry of Commerce Chen Deming conducted an investigation in Wenzhou, and held a meeting in July 3rd.

    Zhejiang

    Business and trade associations Forum on business situations.

    In June 25th -7 1, the vice chairman of the CPPCC National Committee and Huang Mengfu, chairman of the National Federation of industry and commerce, led the research group.

    Zhejiang

    Wenzhou, Shaoxing, Hangzhou and other places.

    In addition, the State Administration of Taxation and the CBRC have also sent members to Wenzhou to carry out research.

    An expert who did not want to be named said in an interview with our reporter that the recent intensive research at the top level may raise chips for the export tax rebate policy.

    "For many textile enterprises, both the subprime crisis and the acceleration of RMB appreciation are somewhat unexpected.

    industry

    The change of the environment is too fast, too sudden, and basically not ready. It's like a disaster. "

    Wang Qian, editor in chief of the first textile network, said in an interview with our reporter that raising the export tax rebate can give enterprises a certain buffer time to adjust and upgrade, and promote textile.

    industry

    Long term mechanism for pformation and upgrading.

    He believes that the 7 mid month is the best time to introduce a callback policy.

    When the callback policy is introduced, when will it be introduced? There are still many objections when the government is in a dilemma when the policy has been published.

    "I hope the adjustment of the callback policy will not bring about.

    industry

    Structural adjustment.

    Ministry of Commerce researcher Mei Xin Yu (blog) doctor told reporters.

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