Macao Textile And Garment Manufacturers Worry About Export Tax Rebates

Mainland China biography

The mainland's first quarter foreign trade deficit has recently been lowered by the export rebate rate of textile and garment exports.

Australian businesses have no doubt that foreign buyers will be able to find out the cost and expenses, including the export tax rebate rate, when they place the order.

The order has been included in the tax rebate rate of 16%, if there is no pition, the cost can not be pferred to customers, is bound to lose money.

According to rumors, the tax rebate rate will be reduced by 4%, but at present, the manufacturer's general profit margin is only 2 to 3%.

Recent costs have risen, raising minimum wages, soaring raw material prices, appreciating the renminbi and increasing costs. If we reduce export rebates again, we will seriously hit the industry.

The RMB will continue to appreciate, and the market will accelerate appreciation or even appreciate inflation once again. In the future, it will be converted into Macao dollar and Hong Kong dollar, and the price of China will be higher than that of Hong Kong and Macao.

The media quoted the deputy director of the Ministry of human resources and social security and the Labor Relations Department of China as Ru Ying Jie, saying that the structural contradictions in the labor shortage in mainland China are becoming more and more prominent, especially in the eastern part of the country.

Australian businessmen admits that the shortage of manpower is indeed worrying, but they do not consider moving away from the East.

In the past, when we visited Henan, there was no advantage in logistics and human capital and no policy tilt.

As a matter of fact, the whole country is facing the shortage of human resources, and the development to the central and western regions may not be able to recruit workers, because many people do not want to make manufacturing industry.

Looking for new development and manufacturing industry, we must see the industry prospect and better profits, but it is hard for mainland China to find space.