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Export tax rebates play pivotal role in arresting downslide
Apr '09
It is worth noting that the state has consecutively improved export tax rebate rate on part of labor-intensive products since last year and it has had a positive effect for curbing excessive export decline of light industrial products.

According to customs statistics, from January to February, exports of shoes and handbags fell 2.3 and 7.3 percent, respectively while exports of plastic products, furniture and parts, toys dropped from 10.7 percent to 17.1 percent, but decline rates were still less than the national decline level of 21.1 percent.

Relevant data also shows that from January to February, industrial added value of big textile enterprises grew 5.8 percent year-on-year, of which, it increased by 16.7 percent in February and export value dropped by 8.1 percent.

Yarn production touched 2,870,000 tons, up 5.9 percent; cloth production scored 6930 million meters, down 5 percent; clothing output registered 4.69 billion pieces, down 0.3 percent and petrochemicals production totaled to 3.55 million tons, up 3.9 percent.

Fibre2fashion News Desk - China

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