Home / Knowledge / News / Footwear industries in Shishi to reap gains from rebates
Footwear industries in Shishi to reap gains from rebates
Nov '08
Export-oriented enterprises in Shishi City have closely taken note of another major positive message from the government that it will raise export drawback of value-added tax on 3770 products. Shishi's footwear manufacturing industry is displaying a sense of euphoria about the new policy of increasing export tax rebate rates

The state has progressively increased the export drawback rates three times this year, which has had a positive impact on leading industries in Shishi City. In the first 10 months of this year, value of footwear export from Shishi City touched Yuan 1.03 billion, an increase of 67.7 percent from the same time last year. There is only one month left for 2008, but footwear exports from Shishi City will reap a gain of at least Yuan 2 million due to the increase in the rebate.

In October, the industrial output value of medium and big footwear enterprises in Shishi amounted to Yuan 5.31 billion, a year-on-year rise of 21.1 percent and sales figures matched production figures in reaching Yuan 5.33 billion, a 22 percent increase year-on-year. Over the past two years, the EU has imposed 16.5 percent of punitive tariffs on Chinese leather shoes, due to which footwear shipments have been greatly affected.

At present, 20 percent of all footwear production is earmarked for exports and the industry is putting all efforts to raise this figure to 30 percent in the near future. Shishi's shoe industry believes that crisis represents both pressure and challenge. It is predicted that the industrial output value of medium and big footwear enterprises in Shishi will exceed Yuan 6 billion this year to set a new record.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

March 2017

March 2017

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


Browse Our Archives


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