The effect of the increase in export tax rebates in the textile industry did not meet expectations
Xiao Pan is a seller from a Chinese spandex company. Two months ago, due to the bleak business, it was temporarily implemented in the company’s ERP project team. After the introduction of the textile and clothing export tax rebate policy, Xiao Pan expressed the hope that he would return to his original position soon. But now it seems “he will stay on the ERP project team for a while.”
As a rising industry, Xiao Pan’s company is sensitive to changes in the textile and apparel industry. He said very helplessly: “It seems that the increase in export tax rebates has not brought us many surprises, nor has it effectively stimulated the textile industry. It seems that the impact of the increase in export tax rebates is very small, or has not yet appeared.” And a company Xiao Pan, the company’s raw material manufacturer, expressed the same sentiment. “Compared with the past, the number of raw materials purchased every month has been reduced a lot. Now I spend most of my time in the office and rarely go outside to visit suppliers.” According to Xiao Zeng, when the textile and garment industry was booming, The supplier will find that when Xiao Zeng buys less raw materials, he will visit Xiao Zeng’s company more often. Today, suppliers are running production equipment at reduced rates and sitting quietly in their offices.
The export policy of textiles and clothing caused a high degree of outcry at that time. Why did it not achieve the expected results? In this regard, Xiao Pan said that the introduction of this policy is a bit “inappropriate.” He believes that due to the decline in international economic demand in recent years, which has led to a decline in international clothing demand, and the economies of China’s major trading partners are also in a downward cycle, the textile industry and China’s clothing have not had the expected effect after the introduction of this policy.
In addition to weak foreign demand, Xiao Zeng believes that factors affecting exports also include the continued appreciation of the RMB and policy adjustments. “Now, only the export tax rebate for the textile and apparel industry has returned to last year’s level, but this year the RMB has appreciated by more than 6 points. This has also greatly reduced the effect of this policy, reduced the competitiveness of textile and apparel export prices, and improved Export situation.
It is understood that China’s textile and clothing export companies have no advantage in bargaining power. Foreign businessmen take the opportunity to reduce prices, and domestic companies cannot fully enjoy tax rebates and tax reductions. Export taxes It is believed that export tax rebates will have a positive impact on the export of textiles and clothing in the short term. The person said that before the export tax rebate rate increases, companies generally expect that export tax rebates will increase in June, so companies will try to delay export tax rebates to enjoy the increased benefits of tax rebates. The person expected “exports to rebound in August or September.” “
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