Growth of garment exports decline significantly, the export tax rebate rate is the most direct regulatory effect of the policy.
"Finally hang out in the Ministry of Finance's website! bamboo furniture I have waited for a month!" Mr. Liu's joy was palpable.
Mr. Liu made garment export business in Guangzhou, the factory located in Shunde. He said the Treasury Department linked to the Internet out of the important news is released about 3 pm yesterday, on August 1st textiles and clothing from China to adjust export tax rebate rate of some goods news. Ministry of Finance and State Administration of Taxation jointly issued "on the adjustment of some commodities such as textile and garment export tax rebate rate of notification" that from August 1, 2008 onwards,bamboo kitchen part of the textile and clothing export tax rebate rate from 11% to 13 % bamboo products will be part of the export tax rebate rate to 11%.
"The goods would have been more than two hundred thousand U.S. dollars, and can not wait, in this Monday gone." Liu told reporters that, if it came out like a month before the notice, because when the peak happens to be shipped .bamboo flooring "If the July 1 start I can return almost 10 million more."
According to report, early in the notice before the introduction of export tax rebate adjustment from the history, current status of the industry's exports and decision-making some of the trends, the industry has been expected on policy more likely. The current growth rate of China's exports of textile and garment industry, the decline in the subprime mortgage crisis and the U.S. foreign demand decline. While the situation caused by the current industry is not the main reason for the export tax rebate, but a policy perspective, the export tax rebate policy is to have the most direct control for the effects of trade policy.
National leadership from the recent research on the industry situation, the plight of textile and garment industry has caused the business decision-making levels of national attention. Although the industry has gone through industrial upgrading is inevitable, but that does not mean that the industry has experienced a large number of small and medium enterprises to collapse in a short time the "hard landing." In the current external economic slowdown, the rapid appreciation of the RMB and many other negative factors such as rising raw materials, textile and garment enterprises to survive a lot of pressure.
Under the dilemma of expediency.
The industry said that although the short term, improve the textile and garment industry, the export tax rebate rate is conducive to export-oriented enterprises in difficulty relieve stress, but long-term trend, is not conducive to industrial upgrading and optimization. In the face of the current export difficulties caused by a large number of business failures have made people unemployed enabling policy and expediency.
In fact, the national macro-control policies, especially through fiscal and tax policies to promote industrial upgrading has become increasingly evident. National Development and Reform Commission Zhang Ping, said recently that the export policy in the local fine-tuning. Should be targeted for the textile, clothing, light industry and other labor-intensive industries to be some of the products "support." At the same time, "continue to strictly control grain, fertilizer and coal, coke, steel and other 'two high a capital' exports."
Industry said that in high inflation and global energy crisis and a series of negative factors, China's exports of traditional rough increasingly unsustainable. Take industrial upgrading, reducing energy consumption is the only way out of Chinese enterprises.
Internal Development and Reform Commission said, in fact, like the apparel industry, and basically the industry excess capacity, is the need to "shrink", coupled with low value-added features, large-scale support is unlikely. The garment industry in the export tax rebate policy to be supported, since last year mainly due to the rapid appreciation of Renminbi, the competitiveness of the apparel industry a sharp decline.
Strict control over "high-capital."
According to information released yesterday, the Ministry of Finance website, the export tax rebate rate adjustment also cancel some of the high energy consumption, high pollution and resource products of export tax rebates, including pine nuts, some pesticide products, some organic arsenic products, paclitaxel and its products, rosin, silver, zinc zero, some paint products, some battery products and carbon anode. Under the new policy, some of the high energy consumption, resource-based export enterprises may be affected is relatively large.
Gao Zhiwei, Foshan, Guangdong, South China Sea, a medium-sized business owners aluminum products, products are mainly exported to Europe, the United States and other countries. According to the new tax rebate policy, high-Eric and the export of aluminum products are "pressure" part. But fortunately, due to the high Zhiwei plant is deep-processed products, the previous export tax rebate rate of 9% -11%, and now, even if adjustment, impact is not significant.
However, for more domestic manufacturing enterprises, may not be so lucky. According to statistics, export processing and manufacturing in Qicheng is the product, most of which is rough, high energy consumption products.
Back in early January, Minister of Commerce Chen Deming said at the commercial work in the country, the Ministry of Commerce will be canceled with the relevant departments of 10 batches of 1115, "a two-high" products of export tax rebates, 4 batches of goods on the introduction of more than 300 export tariffs, and strictly control foreign investment in "two high" areas.
● From the history of the export tax rebate adjustment, in January 1998 to July 2001, textile and garment export tax rebate rate for 3 times to gradually increase from 6% to 15%, clothing from 6% to 17% export tax rebate increase The reason is that in response to the 1998 Asian financial crisis on the tremendous impact of China's exports.
● from the current exports of textile and garment industry terms, from January to May 2008, on behalf of textiles and clothing export growth was 24.64% and 7%, excluding currency factors, the actual growth rate of 14.32% and -1.86%, apparel exports growth rate dropped significantly.