男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
BIZCHINA> Impacts
Rebate cut changes textile export strategy
By Song Hongmei (Chinadaily.com.cn)
Updated: 2007-07-03 10:04

Rebate cut changes textile export strategy

A visitor chooses fabrics in the China Shanghai international Textiles, Fabrics & Accessories Exhibition June 26,2007. [newsphoto]

The tax rebate of textile exports will be reduced to 11 percent from 13 percent from this month, which will mean a 25 percent profit drop to Fomo, a Beijing-based garments company.

Senior managers of this export-oriented clothing maker have held several meetings to discuss the impacts from and countermeasures to a new national policy. China decided to cut or do away with tax rebates for over 2,800 items from July 1 as an effort to reduce the mounting trade surplus and adjust the export mix.

It is the boldest move the government has ever made to rein in exports since it joined the World Trade Organization in 2001. The affected items account for 37 percent of all export products.

Industrial profits will decline by 4.6 percent when tax rebates fall one percentage point, according to 2006 statistics, said Wang Yu, vice chairman of the China Chamber of Commerce for Import and Export of Textiles.

This time the policy was announced just 10 days before it came into effect and manufacturers with full order books have little possibility of increasing production.

More than 900 young women are working on 20,000 black suits along a production line clipping, sewing and ironing inside a workshop of Fomo. The suits, to be exported to Japan in mid July, will be the company's first batch of products affected by the new policy, said Fomo's deputy general manager Liu Yuzhong, adding that the company has cut the price of the suits in order to win the contract and now it is impossible to raise the price.

Special coverage:
Tariff Rebate Slash

Related readings:
Rebate cut changes textile export strategy Textile profit shrinks on tax rebate slash
Rebate cut changes textile export strategy Tax rebate cut as rebalancing actRebate cut changes textile export strategy Tax rebates removed, cut to curb exports
Rebate cut changes textile export strategy 
Textile to champion quality over quantity

Liu said due to the tax rebate adjustment, Fomo's aggregate export tax rebates will be reduced by no less than 5 million yuan (US$657,375) this year. Last year its export tax rebates were 2.5 million yuan.

Fomo is not alone as the policy affects the profit margins of many industries, textiles in particular.

The textile industry is a major contributor to China's big trade surplus. It saw a US$129.2 billion trade surplus last year, accounting for 71 percent of the nation's total. In the first quarter of 2007, the textile industry's trade surplus reached US$27.28 billion, accounting for nearly 60 percent of the total surplus. As a result, the textile industry will bear the brunt of the tax rebate adjustment.


(For more biz stories, please visit Industries)

   Previous page 1 2 Next Page  

主站蜘蛛池模板: 磐石市| 湄潭县| 延川县| 鄄城县| 上犹县| 柳江县| 吴桥县| 德令哈市| 古蔺县| 盐城市| 株洲县| 嘉禾县| 开阳县| 孟村| 平安县| 同仁县| 北京市| 通渭县| 正安县| 修水县| 乌什县| 遂昌县| 淳化县| 开封县| 清水县| 治县。| 佛学| 海阳市| 开阳县| 喀喇沁旗| 响水县| 句容市| 和平区| 乌鲁木齐市| 油尖旺区| 康保县| 锡林郭勒盟| 图木舒克市| 加查县| 潮州市| 驻马店市| 旅游| 根河市| 花垣县| 读书| 龙泉市| 民和| 巍山| 友谊县| 嵊州市| 湖北省| 诸城市| 视频| 平顶山市| 寻乌县| 扎赉特旗| 白沙| 即墨市| 乌兰县| 嘉禾县| 神池县| 常宁市| 昌吉市| 北宁市| 抚松县| 通辽市| 康平县| 任丘市| 扬州市| 西青区| 湟源县| 房产| 曲水县| 德化县| 乌什县| 三台县| 伊宁县| 昌乐县| 江安县| 农安县| 惠州市| 普安县|