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State Council calls for raising drawback on textiles & clothing

21
Oct '08
The State Council executive meeting chaired by Premier Mr Wen Jiabao prepared and discussed an analysis on current economic situation and planned for the fourth quarter.

The meeting called for raising export drawback for labor-intensive products like clothing and textiles and high value-added products (mechanical and electrical products), support exports of technologically advanced enterprises and increase imports of products needed for domestic production.

The meeting discussed on increasing investments, speed up the reconstruction in earthquake-stricken areas, pay close attention to major construction projects in the fields of agriculture, water conservancy, energy, transport, urban infrastructure and people's livelihood.

The meeting stressed that the government should strengthen financial supervision and prevent financial fallouts and strive to maintain stable and healthy development of capital markets along with continuing to strengthen capital market systems.

Fibre2fashion News Desk - China


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