Shishi Clothing Is In The Peak Season Of Export Tax Rate, Double Profit And Good Confidence.

From August 1st onwards, China's textile and garment export tax rate increase is the first substantial positive; the second great benefit comes from the foreign exchange market. The first week of this month, the US dollar index closed for 5 consecutive trading days. The central parity of RMB against the US dollar in August 12th was RMB 6.8659 yuan, the US dollar stabilized steadily, the RMB exchange rate fell for tenth consecutive trading days, the external environment of Shishi export oriented garment export enterprises has been improved, and the confidence of implementing the strategy of "going out" has been greatly improved.

Most of the first half of this year, Shishi clothing production was in the off-season, and even appeared due to the shortage of export-oriented enterprises.

From August onwards, garment production has entered the peak season, and export volume is also concentrated in late August. The tax rebate period raised after this year is only 5 months. But after August this year, garment exports account for about 2/3 of the total annual production. That is to say, most of the clothing produced by the whole year will benefit from the export tax rebate policy.

Foreign trade figures believe that as long as the strength of the US dollar remains unchanged, even if the RMB exchange rate remains stable, the export commodities of Shishi will no longer suffer any loss of exchange rate.

According to the analysis, after the Beijing Olympic Games, the US dollar to the renminbi exchange rate may enter the rising channel, if the year increases 1 percentage points, plus the tax rebate 2 percentage points, Shishi clothing export-oriented enterprise may increase 3 percentage point income.

Shishi two export garment enterprises have conservatively estimated that they benefited from the favorable domestic policies of textile and clothing export tax rates raised from 11%% to 13%%. The value of exports per US $10 increased by 1 yuan.

Every business will increase the tax rebate yield by around 1 million 500 thousand yuan this year. If the US dollar can rise by 1%%, the total relative revenue will increase to 2 million yuan.

The industry believes that the clothing tax rebate rate policy still has room for further improvement, the state can also announce that the export tax rebate rate will be increased by 2 percentage points, that is, 15%%.

Shishi export garment enterprises believe that the export tax rate increases and the US dollar strength is of great significance, which has greatly encouraged the confidence of Shishi textile and garment industry. Enterprises are speeding up the pace of adjusting the industrial structure, accelerating the pformation of foreign trade growth mode, constantly optimizing the product structure, and enhancing competitiveness through pformation and upgrading.