Home / Knowledge / News / Apparel/Garments / Stimulus export tax rebates help T&G exports retain edge
Stimulus export tax rebates help T&G exports retain edge
Jan '09
According to an analysis made on data released by the Chinese customs, the stimulus packages released consecutively in the second half of 2008 has begun to show effects and helped the export industry retain the edge in face of the desperate economic crisis which has engulfed the world.

The government consecutively increased export tax rebate rate for some commodities in August, November and December in 2008. The total export value of the goods involved in December policy adjustment amounted to US $54.45 billion, showing a year-on-year increase of 4.8 percent.

From among the annual shipment figures, exports of clothing and accessories registered $119.79 billion, a year-on-year increase of 4.1 percent; exports of textile yarn, fabrics and products recorded $65.37 billion, up 16.6 percent, with growth rates rising by 1.6 percent over the previous year and shoe exports marked $29.66 billion, up 17.2 percent, growth rate gaining 1.2 percent over that of 2007.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Oct 2016

Indian polyester market demand grows 14% in Q2 FY17: RIL

The Indian polyester market witnessed a demand growth of 14 per cent...

Fashion | On 20th Oct 2016

Replay to explore new markets in 2017

Replay, the iconic Germany based denim brand, is planning to get into ...

Textiles | On 20th Oct 2016

Pakistan proposes Rs200 bn for textile sector revival

A bailout package of Rs 200 billion has been proposed by the Pakistan ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search