09 Years Of Multiple Burdens In Textile Industry

The central economic work conference, which has been closed recently, will ensure growth as the primary task of next year's economic work. At the same time, it clearly points out: "the general direction of speeding up the pformation of development mode and promoting the strategic adjustment of economic structure can not be shaken."

According to the plan, in 2009, China will focus on easing and eliminating bottlenecks in development, eliminating backward production capacity and speeding up product upgrading, enhancing independent innovation capability and industrial competitiveness in accordance with the requirements of industrial structure optimization and upgrading and survival of the fittest.

Under the dual function of the grim situation and the central policy signal, what kind of "cold and warm" does textile face in 2009 as an important industry in China's economic operation?

Textile and textile industry: the status quo of "multiple burdens" to help the industry out of difficulties. In the first October, China's textile and garment export growth reached its lowest level in 6 years.

At present, the average profit margin of textile enterprises above designated size is about 70%, and 0.1% of the textile industry is 2/3.

Trend analysis: with the introduction of a series of policies and measures, it is estimated that the tax burden of textile enterprises will be significantly reduced next year, and the adjustment and upgrading of industries will be on the point.

Export tax rebate rate increases and profits improved.

The executive meeting of the State Council has clearly stated that the export rebate rate of textile and clothing will continue to be appropriately raised.

This year, the export tax rebate rate increased by 3 percentage points in the year to reduce the textile enterprise tax burden of about 8000000000 yuan.

According to the China Textile Industry Association's investigation, some of the tax rebate rates have basically been converted into the real income of enterprises. If the export tax rebate rate continues to rise in 2009, the profitability of textile enterprises can be improved to a greater extent.

Financial pressure has eased.

The state has clearly suspended the implementation of processing trade restrictions to ensure the pfer of gold and Taiwan accounts.

Insiders estimate that this policy is expected to liberate textile enterprises in 2009 by about 6 billion yuan and improve their cash flow difficulties.

The effect of VAT reform will gradually appear.

Since next January 1st, the revised VAT reform plan has been implemented.

After adjustment, the cost of equipment purchased by textile enterprises will be greatly reduced, and the scale of deductible VAT can be increased.

The China Textile Industry Association estimates that in 2009, the textile industry could save 6 billion yuan on the purchase of new equipment, which could increase the deductible value added tax by 12 billion yuan.

Policy voice: according to the latest news from the Ministry of industry and information technology, the next step is to formulate a national strategy for the development of clothing independent brands, and take the garment industry as a starting point to promote the overall brand building of China's consumer goods industry.

It is learnt that the China Textile Industry Association has identified five major investment priorities for industrial pformation next year, effectively promoting the upgrading of textile industry and the pace of structural adjustment.

Yang Jing: editor in charge