Export Tax Rebate Policy Helps Textile Industry Development

Data 1: according to the Ministry of industry and information technology, according to the estimated export volume of industrial products in 2008, China will reduce the tax revenue by about 100000000000 yuan in 2009 because of improving the export tax rebate rate of industrial products; two, data: in the first 2 months of this year, the total export products of clothing and accessories in China are 14 billion 620 million US dollars, down 11% compared with the same period last year; export footwear products 4 billion 300 million US dollars, down 2.3%; export luggage 1 billion 640 million US dollars, down 7.3%.

The decline is far less than the 21.1% decline in exports over the same period.

Under the influence of the international financial crisis, the import and export situation of China's industrial products in 2009 is still grim.

With the support of policies such as raising export rebate rate and so on, the export situation of labor-intensive products such as clothing, footwear, bags and so on is relatively smaller than overall exports.

Statistics show that in the first 2 months of this year, China's clothing and clothing accessories exported 14 billion 620 million US dollars, 11% lower than the same period last year, 4 billion 300 million dollars for export footwear products, 2.3% for exports, 1 billion 640 million for export bags and 7.3% for exports.

This decline is far less than the decline in exports during the same period.

In the first 2 months of this year, the export of our country was 155 billion 330 million US dollars, which fell by 21.1% compared with the same period last year.

Experts pointed out that although the export situation of this year still has many uncertain factors, China's export rebate rate has played a greater role.

Take the textile industry as an example, in response to the international financial crisis, the country rebate the export rebate rate of textiles and clothing from 11% to 15% in August 1, 2008, November 1st and February 1, 2009 3 times.

The first two increases in export rebate rate and the effect of stabilizing exports have shown that textile industry exports have maintained positive growth in the second half of 2008, and exported 15 billion 900 million US dollars in December, an increase of 10.3% over the same period last year, which is 21.5 percentage points higher than the industrial growth rate. It has played an important role in reducing the operating cost of enterprises, enhancing the competitiveness of products and stabilizing the export of textile industry.

According to the statistics of the Ministry of industry and information technology, the textile industry exported 15 billion 150 million US dollars in January 2009, down 0.2% from the same period last year, the decline rate is 17.4 percentage points lower than that of the industry.

Experts pointed out that raising the export rebate rate has a great effect on exports: first, raising the export tax rebate rate can give full play to the comparative advantage of labor cost and improve the competitiveness of products in the international market; two, in the process of international industrial pfer, the developed countries have shifted most of the textile and garment manufacturing industries to developing countries such as China. Even if they encounter the adverse circumstances such as the international financial crisis, they will not be able to immediately restore the pferred manufacturing industry; three, clothing, shoes and hats are necessities of life. Even if the international financial crisis is encountered, people still have to meet the basic living needs of food, clothing, housing and so on. Therefore, textile industry products still have market opening space.

At present, the international financial crisis is still continuing, and the economies of the US, Europe, Japan and other economies are still declining.

Trade protectionism is on the rise and has a serious negative impact on international trade.

In addition, the yuan continued its appreciation of the world's major currencies last year, which further increased the uncertainty of China's exports of industrial products.

The head of the Ministry of industry and information technology said that the export of industrial products is absolutely predominant in China's export, and the rapid decline in exports has brought great challenges to maintaining steady and rapid economic development.

Data show that in January 2009, total imports and exports of industrial products totaled 136 billion 220 million US dollars, down 29% from the same period last year, accounting for 96.1% of the total import and export volume of the whole country.

Among them, exports amounted to 88 billion 100 million US dollars, down 17.6% from the same period last year, accounting for 97.4% of the total exports of the country, and imports of US $48 billion 120 million, down 43.3% from the same period last year, accounting for 93.7% of the total imports of the country. The trade surplus of US $39 billion 980 million, up 82.1% over the same period last year, is higher than the national trade surplus of 870 million dollars.

Textile industry is a labor-intensive industry.

Since the reform and opening up, China has exerting the comparative advantage of labor force, and the textile industry has developed rapidly and has become an important export department for industrial products.

In recent years, due to the increase of labor costs and the rise in prices of raw materials, China's textile industry has weakened its competitive edge in exports. The international financial crisis has further weakened the export competitiveness of China's textile industry, and the industry development is facing greater challenges.

Because of the early detection of export problems in textile industry, China has taken timely measures to achieve positive results in maintaining the stability of the textile industry's exports.

To further promote the export of textile products, experts suggest that the state should further improve the export rebate rate of textiles, clothing, shoes and hats.

Other industries in the industry should further improve the export tax rebate rate and increase the tax rebate.

Export enterprises should formulate flexible marketing strategies according to different market conditions, actively explore new markets, and maintain and expand market share.

Enterprises that have the conditions, strength and comparative advantages to encourage overseas enterprises to invest and run factories abroad and merge and acquire advanced technology, famous brands and marketing networks will be encouraged to develop and utilize two international and domestic resources, actively participate in the international industrial chain division of labor, and gradually occupy the high end of the international industrial chain.

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