On Sep.14, China issued the new policy for export rebate. Just as experts'anticipation, textile export rebate was decreased from 13% to 11%.
One boss in Tangshan foreign business company told to reporter that in June, the news about rebate cut has went around in circle. However, the experts all forecasted that government will give a transition period for enterprises because facing appreciation of price of oil and material, fashion industry, as an industry with small profit margin need a cushion. Now, the rebate cut issuance has been postponed for three months and has no hurt to textile export because enterprises have regulate their structure during this period.
The statistic shows that China export rebate reached over 300billionYuand, accounting for 1.8% of GDP. The vice-president of Hebei province Fashion Association Guo Xinlu suggested that foreign trade enterprises should perfect their export structure, speed market diversification, besides and choose numerous currencies for balance to exclude risk brought by single currency. Enterprises also should enhance the management of cost and charge by decreasing cost and charge and expand profit margin to improve competition capability of export.
