Export Situation Is Grim And Tax Rebate For Textile Enterprises Is Increasing.

The three session of the 104th Canton Fair was opened yesterday. This is also the first time that China's important export products, textiles, clothing and footwear, are on display at Pazhou Exhibition Hall for the first time.

Under the influence of processing trade policy adjustment, RMB appreciation and financial turmoil, the export growth rate of China's textile and clothing has been decreasing this year.

Yesterday, some exhibitors said that the popularity of this exhibition was very poor, which was two or three less than that of the previous session.

Barclays Bank predicts that the PBoC will continue to cut interest rates two times and cut 3 times in 2009.

The popularity of "attending the Ten Session of Canton Fair is the least". Around 2 p.m. yesterday, the reporter saw in the Pazhou Exhibition Hall that the popularity of the three phase was obviously not as good as that of the one or two period.

According to the statistics of the general assembly, as of November 1st, there were 142271 purchasers to the meeting, and the past Canton Fair attracted about 200 thousand buyers.

In the clothing brand exhibition area, the salesperson of Guangdong textile import and export Limited by Share Ltd told reporters: "one morning only received less than 10 guests. There were Middle East, Russia and Europe. But one American customer didn't see it. Only two or three people really sat down to talk, and the rest of the time was only" filming flies. "

Zhong Haosen, general manager of the Guangdong Province Textile Import and export Limited by Share Ltd, said that in 2005, when it was the best, seventy or eighty guests were to receive in the morning. "In April this year, the 103rd Canton Fair, we felt that there were fewer guests, but there were fewer guests and two or three less than the 103rd session."

Chen Qihua, the head of Dongguan Zhenwei shoes industry Co., Ltd., also said: "from the first day, buyers are almost half. I participated in the ten Canton Fair, which is the least."

In addition to the decline in demand caused by the financial turmoil, some people think that the Guangzhou Trade Fair is divided into 3 phases.

Zhong Haosen said: "textile and clothing in the three phase, some customers are not clear, how many years were carried out in October 15th, and now it is not until November, some customers came and flew back, I think it is better to put it in the first stage."

In recent months, orders for European and American orders have been reduced by half. In the last Canton Fair, the turnover of textiles was 2 billion 460 million US dollars, which has dropped by 16.8%. So what is the expectation of this year's exhibitors?

"The financial turmoil has had a great impact, and many enterprises have reflected the sharp decline in orders. After May and June, European and American orders are only half the original ones," said the official in charge of export brand enterprises and Jiangsu SOHO group.

Zhong Hao Sen, general manager of the business department of Guangdong textile import and export Limited by Share Ltd, expects that textile and clothing exports will show a negative growth in the first quarter of next year, with a 6~8 months of labor pains. "It is expected to improve from the second half of next year, but the adjustment period of the whole economy will last for 3~5 years."

Wang Qian, editor in chief of the first textile network, also believes that the export situation of China's textile and clothing is obviously unusually severe next year, according to the current textile export data. The first negative growth since 1998 has been a foregone conclusion.

Lin Mingbiao, general manager of Taizhou Zhejiang noore shoe industry Co., Ltd., who has more than 20 years of experience in the footwear industry, expects that orders and profits will fall from the fourth quarter of this year to the first quarter of next year. "From the perspective of foreign importers, there is still a lot of demand in Europe and the United States, and there is a large stock of retailers. It may start to warm up in the second half of next year, because the worse the economy is, the more they need China's products of high quality and low price."

How should enterprises adopt measures to raise tax rebates and stabilize exchange rates?

Raising export tax rebates and stabilizing exchange rate has become the common hope of enterprises.

Zhong Haosen said that this year the country raised the export tax rebate of textile and clothing for the two time, but only a little bit at a time. "Now the 3 points are not very helpful, and the pressure on foreign businesses is very high, and even we are required to give 3 points profits to them."

Zhong Haosen suggested that the tax rebate adjustment is best placed once, and the best way to raise it to 17%.

In the two tax rebate, there was no shoe product.

In response, Lin Ming said, "it is very difficult for the shoe companies to survive now. The state should be concerned that the tax rebate is best able to increase 2%~4% and return to the original 17% best."

In terms of exchange rate, Zhong Haosen believes that the state should ensure the stability of exchange rate, not only the US dollar, euro, yen, etc., but also should be noticed.