Textile export tax refund about will cut the rumours of the first quarter of this year the will emerge in endlessly. Recently, with the news: textile export drawback will cut in years, down the rate of 5% from the current 16%, down to 11%. More, hard to avoid the heart that market panic. But the author thought, so one-time greatly cut textile export drawback, the possibility is too little.

Review the last country in the textile export tax rebates to adjust background: at that time since August 2008, just six months time, the state has four raised textile clothing export tax rebate rate, from 11% to 16% cumulative increase. And this is based on the appreciation of the RMB, rising costs, international demand shrinking multiple factors superposition influence, the Chinese textile clothing export growth dropped significantly, the pearl river delta region has a large number of business failures background. This round of the export tax rebate rate adjustment, is to help enterprise through the financial crisis of the difficulties.

And look at the situation now, although the first quarter of 2011 China's textile and apparel exports material performance in higher than market expectation, but if it's the price of export products, it is not hard to find the ascension is a quarter of export growth factors important contribution. And on the other hand, just drop the curtain in the 109th Canton fair, many enterprises are worried that, because of widespread concern about policy adjustment and rising costs, suppliers can't take long list, buyers for the market outlook still doubt order, cautious. The guangzhou fair short order single nearly 90%, long single only accounts for nearly 10%.

The author thinks that, because the present government are striving to control the largest foreign exchange reserves, and textile and clothing export surplus is great, so in recent expect the government to stimulate the textile and clothing products out of the policy is not very realistic, and before the rumors are not smoke. However, previous rumors is only the opinions of the relevant departments, and not a final caused by consultation policy options. Consult the content of the draft opinion is only a part of textile and clothing products drawback for the adjustment of 2 ~ 3%.

The recent rumours that the relevant departments have basic agree, textile export drawback of declines will not less than 5%, seems to be cut more than 5% said all products. This was clearly not to launch law, policy policy always small range, and then try to promote the gradual, not likely to be directly down this ChongShou. According to the practice that if, then the government suppressed, should be in inflation to raise interest rates to 2%, a one-time one-time raise deposit reserve rate 10%. Obviously, any a responsible government is won't do that, especially when it is the one involving for textile tens of thousands of people to the people's livelihood of industry employment.

In early April this year, according to the author, the workers believe department, understanding to the national development and reform commission and national related department has been whether to regulate some products in the export tax refund any discussion. If in 2010 by actual export performance measure, the export tax refund policy adjustments will be involved in around $40 billion in exports, declines in 2 ~ 3 points.

The recent rise, the rumors about people learned that, once again consultation to suppress the largest foreign exchange reserves too fast growth momentum in March, the ministry of finance indeed formulated a cut of export tax refund scheme, textiles and clothing also included, adjust the rate of 2 ~ 3%. Some other industry products, some of the tax rebate rate the reduction in the above 5%. Another related personage says, the export tax rebate rate cut policy may be six to seven months in, because of the launch, the coordination of the first launched tax rebates cut policy, textiles and clothing in the cut is not range. Of course, these are just a guess, eventually will have to see the policy. And safeguard of such trade friction, also let the textile and apparel industry export difficult to have nothing worry about.

(the writer for chemical fiber industry veteran people)

Source "the Chinese textile nets"

Edit: Emma