Textile exports languish as orders wane

Textile exports are set to languish this year with no signs of a quick pick up, notwithstanding the increase in tax rebates.

China on Wednesday raised the tax rebate rates on exports of certain textile and apparel products from 15 percent to 16 percent. It is the fourth time the government has raised the rebate rate since last August.

However, the new policy is likely to have limited effect on exports, experts said, as demand from foreign countries decreased since last year.