Can The Export Tax Rebate Rate "Fundamentally Save" The Textile Industry?

Can the export tax rebate rate increase by 2% of the textile industry bring out "cold winter"?

Many people in the industry are quite pessimistic.

"It is good news that we can temporarily stop bleeding, but it is impossible to fundamentally reverse the current dilemma."

In yesterday's interview process, many people expressed the first financial daily.

The Ministry of Finance and the State Administration of Taxation announced yesterday that the notice on adjusting the export tax rebate rate for some textiles and garments and other commodities announced that starting from today, the export tax rebate rate of some textiles and clothing increased from 11% to 13%.

Export tax rebate rate increased to 13%

The adjustment of the export tax rebate rate is a "timely rain" for the textile and garment industry that is currently facing difficulties.

This adjustment made the export rebate rate of textiles and clothing returned to the level before the two rounds of export rebate rate adjustment in 2006 and 2007.

In 2006, the textile export tax rebate rate dropped from 13% to 11%, and the export tax rebate rate in 2007 dropped from 13% to 11%.

Mei Xin Yu, a researcher at the Ministry of Commerce and international trade and Economic Cooperation Research Institute yesterday, interviewed the newspaper reporters that there were thousands of products that had been cut down and abolished export tax rebates last year and the year before last. Compared with this, there is not much increase in this year, and the commodities with high energy consumption, high pollution and resource nature ("two high and one capital") continue to shrink. Only that is to relax the fiscal policy moderately in the context of maintaining tight monetary policy, hoping to maintain moderate growth in the real economic sector and avoid falling.

The export tax rebate adjustment implemented in July 1st last year abolished the export tax rebates of 553 items of "two high and one capital", and the export tax rebate rate of 2268 commodities that could easily cause trade friction was reduced. The export tax rebates for 10 commodities were converted to export tax exemption, involving a total of 2831 items.

Sun Huaibin, director of the China Textile Economic Research Center, said in an interview with the newspaper yesterday that the textile and clothing export tax rebate rate increase policy, which means that the state attaches great importance to the difficulties encountered in the textile and garment industry and gives timely support, which is conducive to easing the pressure on the enterprises, and the industry welcomes this attitude.

"However, the pressure faced by the textile and garment industry is made up of multiple factors. Both the global economic recession and the subprime mortgage crisis in the United States have led to the weakening of market demand, as well as the pressure on the rapid growth of the cost of major domestic production factors.

Under such circumstances, enterprises should seize this favorable policy and redouble their efforts to enhance competitiveness and survive the winter through technological innovation and brand design.

Sun Huaibin said.

Wang Qianjin, senior textile analyst, told an interview with our reporter that in addition to the highly polluting viscose fiber products, the rebate rate of textile and clothing exports basically covered the vast majority of products in the industry, and the government's actions gave the industry confidence.

According to its introduction, the textile and clothing industry generally hoped that the export tax rebate rate would increase by 4 percentage points. According to the current situation, it is expected that more support policies will be introduced in the country.

The increase is not as expected as expected.

Zhong Hao Sen, assistant general manager of Guangdong textile import and export Limited by Share Ltd and general manager of the Department of Garry business, told reporters yesterday that a number of small and medium-sized enterprises went bankrupt in Guangdong and other places. The export tax rebate rate was raised. This shows that the state attaches great importance to this industry, but the rate of increase has not reached the enterprise's expectations.

"We hope that the clothing will be raised by 4 points, and the textile and clothing will only be increased by 2%.

However, on the whole, it can basically keep many businesses from losing money or even making small profits.

In the impact of various factors, RMB appreciation has the biggest impact on enterprises. Although the cost increases substantially, it can only raise 3% to 5% of the price to customers. After three months, the profits have been offset by RMB appreciation or even become negative profits.

The increase in the export tax rebate rate has relatively buffered the pressure of exchange rate fluctuations, allowing enterprises to take a breath temporarily.

Zhong Haosen said.

Zhou Xiaonan, deputy general manager of Ningbo Dunhuang import and Export Co., Ltd., told the newspaper that the policy can not fundamentally solve the current problems faced by enterprises.

Zhou Xiaonan said that this year alone, the rise in international oil prices has made the raw material cost of the enterprise increased by about 30%, while the coal price in the production process has doubled since last year, labor costs are also rising, and the appreciation of the renminbi, etc., the overall cost in the first half of this year has increased by 8%, but the price of orders signed with customers has only increased by 3%. Others need to be digested by themselves, and some orders have lost money.

"Basically, we can't earn money this year. It's not easy for us to maintain our losses throughout the year.

It is hoped that the export tax rebate rate will allow enterprises to survive the cold winter.

The situation is likely to improve next year, "Zhou Xiaonan said." we mainly rely on our own adjustment to promote pformation and upgrading, increase the added value of products, expand the export of profitable products, and adjust the market structure at the same time.

However, in the current situation of tight money in the state, the re development has been faced with capital bottlenecks, hoping that the state will give loans to the main brands and enterprises with independent innovation.

However, Mei Xin Yu also questioned whether the increase in the export tax rebate rate could help the pformation and upgrading of the textile and garment industry in an interview with this newspaper.

He believes that these measures are intended to save the textile industry, although it can alleviate the pain for a while, but he personally worried that this may also make the textile industry stop, overseas customers will certainly lower prices on this basis, resulting in a number of inefficient enterprises have not been eliminated and may leave behind trouble.

The notice issued by the Ministry of Finance and the State Administration of Taxation yesterday on adjusting the export tax rebate rate of some textiles and garments, mentioned that since August 1st, the export tax rebate rate of some bamboo products has increased to 11%, except for the above textiles and clothing.

At the same time, the export tax rebates of pine nuts, some pesticide products, some organic arsine products, paclitaxel and its products, rosin, silver, zinc zero, some coating products, some battery products and carbon anode are cancelled.