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    Export Tax Rebate Rate Improves Zhejiang Textile Enterprises' Long Drought

    2008/8/1 0:00:00 33

    "The export tax rebate rate has been raised. I am very happy."

    Yesterday afternoon, when I heard about the adjustment of textile export tax rebate, Lin Ying, deputy general manager of Ningbo Yongnan Textile Co., Ltd. communicated with friends in circles. Their expectation and wait finally landed.

    In Zhejiang, which has become the largest textile Province in the country, enterprises generally welcome this adjustment. They look forward to easing the current business difficulties and looking forward to the early breakout of their industry.

      提高退稅率,浙企減負

    And Lin Ying had the same mood. Yesterday, many Zhejiang textile enterprises showed excitement when interviewed by reporters.

    "This is good news, indicating that the relevant government departments are concerned about us, and also take into account the difficulties faced by the current enterprises."

    Yesterday afternoon, when the reporter called Li Jianhua, executive director of Wan Shi Li group, he was on a business trip in Hongkong. He was closely watching the policy adjustment. He was already considering the new business strategy of the company.

    Jiang Yimin, head of Limited by Share Ltd of Zhejiang new great group, feels the same way.

    He said that in general, the export tax rebate rate increased by 2 percentage points, and the profit of foreign trade enterprises is estimated to increase by 1 percentage points.

    In the current textile and clothing industry in the case of small profits, this is particularly valuable.

    According to Jiang Yimin, the gross profit of Zhejiang textiles is now 5~6%, and the most 7~8% is 10%.

    After deducting some expenses, the profit is very low.

    "The export tax rebate increases, the cost pressure of enterprises is relatively small, we can take a breath."

    Hangzhou Hanlong Weier clothing company official said, because of costs, taxes and other pressures, they increased the export quotations of some garments in the second half of last year, which made it difficult for many foreign customers to accept, and to a certain extent, affected exports.

      紡企“越冬”仍存在難題

    However, for the current Zhejiang textile enterprises which are in a faltering way, we will still face the test of RMB appreciation, raw materials rising and labor price rising.

    Crude oil prices continued to rise in the international market since last year, reaching a record high of more than US $140 in the first half of this year.

    Due to the time lag effect of price pmission, the price of some textile raw materials did not show a substantial upward trend until the last 2 months.

    In June, the average price of imported raw materials for textile enterprises in Zhejiang was at a record high.

    "At present, the problems of some textile enterprises are mainly due to the low level of industry, which leads to the expansion of raw material prices and the price rise of industrial products. The direct result is the reduction of corporate profits and the tight financing, which results in the weakening of" overwintering "capability of enterprises and the adjustment and sustainable development of enterprises.

    Relevant officials of the Department of foreign trade and economic cooperation said.

    Zhejiang enterprises seek a new way to break through

    In the interview, Cao Xinyu, vice president of the China Textile chamber of Commerce, suggested that Zhejiang textile enterprises could consider the next step of development according to the actual situation of enterprises. Enterprises producing low-end products could consider turning from the European and American market to the Asian or African markets, and the enterprises producing medium end products could consider taking the road of brand development.

    Lin Nan's knitting company has more than 10 years of foreign trade experience and 95% export products.

    Since the beginning of this year, he has adjusted his strategy and begun to open up the domestic market.

    Now their products begin to appear in supermarkets such as mart and use their own brands.

    "Now the exchange rate is changing, or is the domestic market more stable?"

    Lin Ying said.

    The new big group has chosen a new road, and the investment direction is Southeast Asian countries, so as to solve the huge burden of cost rise.

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