Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News [Textile Headlines] Textile enterprises, don’t be afraid! Wujiang, Keqiao, Haining…each cluster has launched rescue policies! Sino-US trade is rumored to be good again! The market situation may be expected after the market resumes!

[Textile Headlines] Textile enterprises, don’t be afraid! Wujiang, Keqiao, Haining…each cluster has launched rescue policies! Sino-US trade is rumored to be good again! The market situation may be expected after the market resumes!



The new coronavirus epidemic has begun to break out in a concentrated manner, and measures to restrict access have begun to be implemented across the country. In addition to farmers’ markets, supermarkets…

The new coronavirus epidemic has begun to break out in a concentrated manner, and measures to restrict access have begun to be implemented across the country. In addition to farmers’ markets, supermarkets, and pharmacies, on the streets, Almost no shops were open, and people across the country were in a state of preparation for war.

At this moment, what all walks of life are most concerned about is, In addition to the development of the epidemic, it is about when work can be resumed. The ongoing epidemic has disrupted the normal production and business plans of many companies, making some small and medium-sized enterprises feel “urgent.” The bosses of textile companies also looked sad.

, the workers don’t know when they will come, and they don’t know when they can resume work normally. Orders cannot be received, and those received cannot be made. More importantly, from New Year’s Day to the end of February, production is almost suspended for 2 months, and the rent of the sales department is high. It’s tens of thousands, and the factory rent is hundreds of thousands more! I didn’t make any money at the beginning of the year, and by the middle of the year, many companies are expected to close down.”

For the current cloth boss, the suspension of production is one aspect, but the more important issue is indeed the rent issue. In addition, issues such as tax payment and social security also trouble the cloth bosses. Faced with this series of problems, on February 5, the Wujiang District People’s Government issued the “Eighteen Policy Opinions on Responding to the Epidemic and Supporting the Healthy Development of Small and Medium-sized Enterprises”. The “Opinions” support targets affected by the pneumonia epidemic caused by the new coronavirus infection. Small and medium-sized enterprises that encounter difficulties in production and operation (in compliance with the “Classification Standards for Small and Medium-sized Enterprises” issued by the Ministry of Industry and Information Technology and other four departments).

Except Wujiang area, Nantong, Haining, Textile clusters such as Fujian have also introduced relevant policies to support small and medium-sized enterprises in overcoming difficulties.
Haining: Issued the “Policy Opinions of the Haining Municipal People’s Government on Supporting Small, Medium and Micro Enterprises to Overcome Difficulties Together”;
Shaoxing: Issued the “Opinions on Using Civil and Commercial Trial Functions to Support Small, Medium and Micro Enterprises in Responding to the Pneumonia Epidemic of New Coronavirus Infection” 》;
Guangdong: Issued “Ten Tax Rules” to support enterprises to fight the epidemic to the maximum extent;

Nantong: Issued “About fully responding to the epidemic and supporting enterprise development” “Twelve Policy Opinions”;
Fujian: Fujian’s twelve tax policies will win the sniper war; Fuzhou, Quanzhou, Putian and other cities have successively issued several measures to overcome difficulties together.

The release of Wujiang District’s 18 “benefit” enterprise policies and relevant local policies means that the government has given real support to small and medium-sized enterprises, to a certain extent It can reduce the losses of small and medium-sized enterprises and relieve the pressure of small and medium-sized enterprises.

At the same time, on February 6, Sino-US trade was good again!

According to reports, on January 31, U.S. time, the Office of the United States Trade Representative (USTR) recently announced the third batch of US$200 billion from the United States targeting China. The additional tariff exclusion list involves 119 products imported from China to the United States, including 6 tax codes for textile and apparel products. On February 5, Eastern Time, the list announcement refreshed its status on the USTR official website and was officially approved.

On the 6th, the Tariff Commission of the State Council issued an announcement to adjust the additional tariff measures on approximately US$75 billion of imported goods originating in the United States. Starting from 13:01 on February 14, 2020, the tax rate for goods that have been levied with an additional 10% tariff since September 1, 2019 will be adjusted to 5%; for goods that have been levied with a 5% tariff, the additional tax will be adjusted The rate is adjusted to 2.5%.

These measures taken by China and the United States have promoted Sino-US trade relations are developing in a good direction.

Since the beginning of Sino-U.S. trade , which has a greater impact on my country’s textile industry chain.

In terms of polyester raw materials, due to the US’s repeated repeated comments on the direction of trade, futures are also extremely vulnerable to the impact. , the trend of crude oil, PTA, and ethylene glycol is unstable and cannot provide a stable cost support for polyester filament.

In terms of weaving, in past surveys, textile bosses almost unanimously believed that the increase in tariffs caused by the Sino-US trade war will be the biggest increase in tariffs in 2019. The main reason why the textile foreign trade market is “cold”. Many companies have said that their exports to the United States have been affected to varying degrees. It is very common for orders to shrink by 50-60%, and many orders are even delayed indefinitely.

After China and the United States signed the first phase of the economic and trade agreement,This time, the Sino-US trade is once again positive, which will undoubtedly give a “boost” to the subsequent textile market.

Although it is difficult to determine the time for weaving companies to resume work, the new coronavirus epidemic has had a great impact on both foreign trade and domestic trade, but Now that Sino-US trade is further developing in a good direction, after the textile market returns to normal, the backlog of orders in the past two years may be released to a certain extent, and exports will become smoother. When Sino-US trade relations are tense, Southeast Asian countries have become substitute countries for Chinese textiles. However, China’s title of “manufacturing power” cannot be underestimated. Since there are now great benefits in foreign trade, then the first two Orders snatched away by Southeast Asian countries in 2018 may return.

Under the seriousness of the epidemic, although it is still unknown when weaving companies will resume work, now the government has given strong support to companies, and Sino-US trade has once again spread Good news can boost market confidence to a certain extent. After normal resumption of work, market conditions may be expected.

No matter what
our most important task now
is still
defeating the epidemic!

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Author: clsrich

 
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