Half Of The Textile Tax Rebate Rate Has Been Taken Away By Foreign Businessmen.

The export rebate rate of some textiles and garments has been raised by 2 percentage points this month.

Zhang Bin, an analyst with state securities, believes that the increase in tax rebate rate will not change the trend of industrial efficiency growth, and will not have a significant impact on the annual earnings of listed companies.

Zhang Bin said, "the tax rebate rate increase is mainly a one-time income for enterprises, and the net interest rate that will not be completed before the announcement will increase by 2%.

After the announcement, foreign dealers will adjust their prices according to the tax rebate rate, reduce the quoted price, the actual domestic enterprises' income comes from the increase of orders, and at least half of the increase in tax rebate rate will be taken away by foreign businessmen without compensation.

As for the role of export tax rebates and the plight of textile enterprises, Hu Fusheng, chairman of Hubei interstate 3542, a large state-owned textile company, said: "the export tax rebate rate has been cut down in the previous two years, and many customers have shifted their orders to Pakistan and India. For example, this year's Canton Fair is very cold.

Now it will be up to the second half of next year, and it will take a process.

Secondly, the subprime mortgage crisis in the United States has a great impact on China's textile industry, and the consumption of the United States has declined. In the past two years, the number of products exported to the United States has increased and prices remain unchanged, mainly because of the overcapacity of the textile industry, the fierce competition and the rapid rise in costs.

Hu Fusheng pointed out that the biggest problem facing many textile companies is whether they can live or not, whether they can stop the flow of funds and whether they can stop the work. The tight loans will make them worse. For example, Shandong Cherry Blossom group will not be able to get loans without a big crisis.