Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Textile export rebate expected to reach 17%
Adjust font size:

Specific regulations for the textile stimulus plan are expected to be published around March 20, a government official said yesterday.

China announced a stimulus plan on February 4 to invigorate its textile industry, which has been severely impacted by the global financial crisis. Under the plan, the export rebate for textile products will be raised to 15 percent from the previous 14 percent, falling short of the widely-expected 17 percent.

But in the upcoming specific regulations, the rebate rate is expected to be raised to 17 percent this year to ease the difficulties for small and medium-sized textile companies, the official said.

During the recent parliamentary sessions, many delegates from the textile industry urged the government to raise the export rebate rate and lend a sympathetic ear to the funding requests of the textile companies.

Chinese story link:http://www.dfdaily.com/node2/node27/node120/userobject1ai158851.shtml

(China.org.cn March 18, 2009)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Growth of China's textile, clothing exports slows down
- Textile industry stimulus falls below expectations
- Government plan supports stable growth of textile sector

Mar.20, Shanghai Lipper Funds Awards
Mar.21-22, Beijing Anti-monopoly Law Symposium
Mar.27, Beijing The 4th Annual China Fund Summit
Apr.11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr.20-23, Beijing Green Transformation: Forcast New Business Culture

- 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?