Home / Knowledge / News / Apparel/Garments / 'Fur City'- Biggest trading centre for water mink clothing
'Fur City'- Biggest trading centre for water mink clothing
19
Dec '08
The Ministry of Finance, State Administration of Taxation has issued the "Adjustment notice of export tax rebate rate on part commodities" due to which export tax rebate rates on leather clothing, fur clothing, fur accessories and other fur products increased from 5 percent to 11 percent.

Since the beginning of formal operations of China Fur City on October 27, 2007, nearly 300 fur brands from Hong Kong, Guangzhou, Shenzhen, Haining have opened or relocated their facilities in the city while well-known fur enterprises from Germany, France, Finland and other countries have established business offices here. Fur enterprises from Italy and other countries have also set up production bases nearby.

Chinese fur city has attracted more than 5 million buyers from domestic and foreign markets who come to purchase fur products each year. At present, fur clothing and apparel accessories trade volume in Yuyao market accounts for nearly 15 percent of the world's total trade volume, becoming the world's largest distributing center of water mink clothing.

This increase of export tax rebate rate on fur garments has been implemented for the first time since the introduction of foreign trade policy of reducing export tax rebate rate in 2006.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search