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The Ministry Of Commerce Will Take Measures To Stabilize Textile Exports.
The Ministry of Commerce of China recently replied to the Hongkong textile chamber of Commerce on the proposal to ease the operational difficulties of textile enterprises. It pointed out that the Ministry of Commerce of China has decided that the labour intensive industries such as garments will not be involved in the proposed processing trade restriction policy. In order to take account of the overall situation of the textile industry's industrial structure adjustment and industrial upgrading, and the stable tax policy can create a stable market environment for the enterprises, it is suggested that China's national tax policy should remain relatively stable.
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