Home / Business / Textile Tools: Save | Print | E-mail | Most Read | Comment
Textile makers ask for curbs on the yuan and tax rebates
Adjust font size:

There are signs the government will help companies such as Changshu Shengtian, which has about 1,000 employees and is typical of the Chinese manufacturers that US and European law makers have said relied on an undervalued currency to compete. Changshu Shengtian sells T-shirts to retailers, including Wal-Mart Stores Inc, for typically US$1 to US$2 apiece, of which about 5 percent is profit, Tang said.

Rebates for textile shipments will be increased to 13 percent from 11 percent this month, and those for clothing to 15 percent from 11 percent, the official China Securities Journal reported last week. The payments were cut in July last year to help ease trade frictions with the US and Europe.

China's export growth cooled to 18 percent in June.

(Shanghai Daily July 18, 2008)

     1   2  


Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Textile, garment export drops 11% in H1
- Textile export growth drops significantly
- MOC suggests increasing export tax rebates
- Export policy changes in the pipeline
Most Viewed >>
- Will Olympics become a watershed in China's economy?
- WTO confirms ruling against China in autoparts case
- Oil refiners face crunch time over gas imports
- Wahaha bidding to buy out Danone
- China's third largest oilfield targets 25 mln tonnes by 2015
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?