Home / Knowledge / News / Textiles / Export duty cuts play big role in reducing impact of crisis
Export duty cuts play big role in reducing impact of crisis
Mar '09
Spokesman of the China Textile Industry Association and Director of Textile Economic Research Center, Mr Sun Huaibin recently said that revival plan has played an active role in helping textile industry get out of plight and boosting textile production.

In particular, it has renewed the confidence of the textile enterprises. The sector has been able to overcome the impact of the crisis to a great extent, due to favourable policies of the state and also by turning their attention to domestic markets.

The revival plan has increased the export tax rebate in phases from 11 to 15 percent, increasing it by 1 percent in each stage. According to Mr Huaibin, adjusting export tax rebate rate is just a medium to emerge from the crisis.

A one percent adjustment may seem small, but it provides a space for the textile or garment exporter to price his goods as per the requirements of the buyers, who are demanding more and more discounts since the last few months.

It was a well known fact that the benefit of the cut in duty drawback rates would benefit only the overseas buyers and not the exporters, as they would demand their pound of flesh, through increasingly demanding price cuts.

The benefits according to Mr Huaibin, is expected to be shared in equal proportion by the exporter as well as the overseas buyer. But even this small benefit can increase the profits of an enterprise by 100,000 Yuan depending on the size of the business.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silvia Venturini Fendi
Fendi s.r.l

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

Sonam & Paras Modi

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search