China'S Textile And Leather Industry Is In A Dilemma. The Shuffle Is Irreversible.

In July 30th, the Ministry of Finance and the State Administration of Taxation jointly issued the notice on adjusting the export tax rebate rate for some textiles and garments, which stipulates that the export tax rebate rate of some textiles and garments has increased from 11% to 13% since August 1, 2008. This is the first time that China has raised its export tax rebate rate since September 2006.

Faced with this year's internal and external difficulties, the industry generally regards the textile export tax rebate rate as the last straw to save the textile industry.

But can this good policy lead to the revive of many textile enterprises in China?

China Industrial Daily reporter found in the interview that although the vast majority of textile enterprises are optimistic, the industry has warned that keeping a cool head in the short term and improving the contribution rate of technology and brand is the long-term solution for textile enterprises to get out of the predicament of survival.

    退稅調(diào)整有保有壓

The China Industrial Daily reporter found from the list of export tax rebate rates announced by the State Administration of taxation that the knitting and garment industry downstream of the textile industry chain has become the focus of this policy adjustment.

Among them, all the tax numbers of knitted fabrics, crocheted garments, non knitted fabrics and non Crocheted garments are all included, covering the vast majority of garment export enterprises.

In addition, the export rebate rate of some upstream and downstream products, including synthetic filament yarn and chemical fiber staple, has also been raised at the same time.

In explaining the policy, the relevant officials of the Ministry of Finance said that raising the export rebate rate of some textiles can not only enhance the export competitiveness of China's textile and clothing, but also narrow the market gap of the textile industry in the upstream and downstream industries, and enhance the ability of textile enterprises to resist market risks.

At the same time, the export tax rebate adjustment policy did not cover textiles including leather products, cotton sewing thread, dyed, dyed, printed polyester cotton blended fabric, viscose filament yarn, viscose staple fiber and its fabrics. This fully shows that the adjustment of some textile export tax rebate policies does not involve the current restriction on exports of "two high one capital" products.

Take viscose fiber as an example, despite the impact of a series of factors such as RMB appreciation and export tax rebate reduction, the export volume of viscose fiber in China has dropped by about half in the first half of this year, but the export tax rebate adjustment did not involve viscose fiber.

Wang Qian, editor in chief of China's first textile network, explained that viscose fiber is the only textile and clothing industry that has been classified as "two high and one capital" category. It may cause some pollution in the production process, and the energy consumption is relatively high. Therefore, the export rebate rate of the viscose fiber will not be adjusted temporarily.

    行業(yè)利潤(rùn)率將提高0.6個(gè)百分點(diǎn)

Gao Yong, vice president of the China Textile Industry Association, said that the adjustment of textile export tax rebate policy is a long-awaited industry. Although it has been raised by only two percentage points, it is good news for the entire textile industry. It will alleviate the tension of China's textile and clothing export to a certain extent.

Then, what will be the impact on the textile industry by raising the tax rebate rate of textile and garment exports?

Wang Qian made an account of the China Industrial newspaper reporter. The export tax rebate rate increased by 1 percentage points, equivalent to 1% of the total export volume of the enterprises, which directly became the profits of the enterprises, which is directly and rapidly for the export oriented textile enterprises.

In fact, many textile enterprises with strong export competitiveness have responded to the favorable policies at the first time.

In August 1st, on the announcement of the adjustment of the export rebate rate of textiles and garments, Fu Tian shares said that because of the larger proportion of the company's exports, the export tax rebate rate adjustment will have a greater impact on the company's performance in the second half of the year and in the future.

According to the estimated export sales income in the first 6 months of 2008, the pre tax profit will be increased by about 15 million yuan in the second half of this year.

In July 31st, Jiangsu golden Feida clothing company announced that it expects the net profit in the second half of this year to increase by 4 million to 5 million yuan.

In addition, Lu Tai Textile JOINT-STOCK Company also issued a notice that the export tax rebate adjustment will make the company's total profit increase of about 21 million 80 thousand yuan this year.

From the analysis of the entire textile industry, the total export volume of textile and clothing trade will reach 130 billion US dollars in 2008. If the export rebate rate is increased by two percentage points, the total profit of the textile industry will increase by 2 billion 600 million US dollars. According to the 6.8 RMB exchange rate, the profit of textile enterprises will increase significantly by 17 billion 690 million yuan.