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Govt plans to continue policy adjustments

20
Apr '07
Recently, Chinese Government revealed that it would increase structure adjustments in future, particularly in textile trade segment and export rebate rate policies.

The main reason for this is to decrease energy consumption by China, which reduced by 1.23 percent in last year.

However, this year, it will be very difficult to cut down energy utilization by 2-3 percent, especially since Chinese GDP growth mainly depends on some industries which need to consume loads of energy.

So Administrators hope that further adjustments in export rebate rate may not only decrease favorable balance of trade, but also result in good development of the national economy.

Fibre2fashion, News Desk - China


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